Financials and Capital Structure:Purchase price: $960,000 Construction Loan: $250,000Bank Loan Amount: $970,000Equity Contribution: $240,000 A local community lender was brought in as the lender on the deal, providing 75% of the acquisition and 100% of the construction funds with favorable terms (including interest only year 1 during construction/stabilization).

In the next few years, I would love to assemble a full-cycle team to acquire, fund, architect, design, construct/renovate and manage/sell properties.If you're looking for a partner, have a need in your business you need filled or just want to chat, I would love to learn as much as I can and meet positive, hungry people in REI. 

No It needs to be your primary residence single family home in order to leaglly pull a permit as a homeowner in nj. if you dont know the uniform construction code, international residential code, dont have a background in construction and dont know the rules and regulations for this state the inspectors will eat you alive on a major project.

Everything not just materials and construction management.

Any advice including constructive criticism is welcome.Thanks in Advance!

I doubt anyone is going to work a construction job by day and then come back home to work on your job.

@Zach Finney The plan as it is currently constructed is to do a house hack in Grand Forks, preferably multi family for that deal 3-4 units.

Feel free to add constructive criticism or offer alternative solutions.Thanks!

Property to be Constructed.

I am also a real estate agent, I own a construction company, and a soon to be "retired" police officer at the age of 29.