Would you have any recommendations of markets to look into; I was considering Tx, Ar, Pa, Ga, Tn, Nv regions.

Local to me there's a regional bank doing stated income and no appraisal HELOCs @ 75% CLTV or $100k, whichever is less.

Also, for those that like to closely supervise, it may seem daunting ensuring legal claims don't develop against you when you can't physically check on the property yourself.

Oregon Is mean to us developers tax wise..But that does not slow down the great growth here and building opps.. its spectacular  for guys that cant compete say in the Bay area were values are so astronomical..

The big lessons learned were around handling general contractor relationships as well as the filings associated with condo developments.

Depending on your region, and the cost of entry, $40k is plenty to get you off the ground on your first.

I am a contractor and I work with great contractors I have been thinking about building a house from the ground up and I would really love an opportunity to talk with somebody who has done this before and I’d like to know all of the costs associated with doing this and about how much I should expect to spend and how hard is it as far as planning and development permit’s etc.

Have worked and worked to develop some relationships but man are some people just plain flaky.  

If your main priority right now is strong cash on cash return, one way investors achieve 15% returns is by identifying opportunities in once sleepy regions that are now becoming trendy, or quiet suburbs that have a sudden growth of employment. 

Would be great to hear further developments, feel free to share your progress and let me know if I can be of any support throughout the property acquisition process!