I understand much of the red tape associated with new construction first hand from building my own home, but blame much of it on a very incompetent builder.Thanks!

(Seller needs the equity out asap, so seller-financing is out)As for the deal itself:       Located a few towns over from me (but not far enough where management would be a hassle), right near the better part of the borough, near the middle school, very close to stores & very close to where new construction is being planned & the area is on an upswing.2 - 2 bedrooms (1150-1200/each)4 - 1 bedrooms (850-900/each)Going inside it this week, but from my walks around the outside, I'm ballparking about 100k in renoSeller asking for 200kTaxes as-is about 6500Seller states all zoning approvals & site-planning have been completed, only thing left to do is pull permits and put nails to woodAs of right now, my immediate plan would be to sit down w/ the commercial people at my lender's, assess my standing, and start all the other due diligence common with a typical, residential purchase.

I read in Money Magazine that one of the biggest mistakes investors make it paying the typical fees to investment brokers, so I am looking to get out of that but don't want to lose my tail either.

Typically, you'll pay more and get a little lower split right off the bat, but like so many people say on BP - 50% of a deal is much more than 100% of nothing. 

Many real estate agents think it needs to be a pristine turnkey almost-new construction to go FHA because of some nonsense that went down in 2005-2007, and they are mostly wrong about FHA property standards.The question is, are you willing to be scrappy and industrious?

There’s typically a good mix of attendees - usually one or more attorneys, a number of agents, many experienced investors, landlords, flippers, rehabbers, contractors, lenders, etc.

I am not a realtor but I was curious if there were any other ways besides your typical sites like Zillow and Realtor.com to find property?

There has to be a number of re-allocations or typically transactions that involved flipping or common turnover in order to get to that point.

The good part of this is that it's a pretty good job, so it will allow me to have a fair income/cash flow to put towards investing.Otherwise, I'm a quick learner and fairly good with finances but I'm not bringing anything to the table in terms of knowledge about construction/building/renting/etc. 

Also when I'm listing a property in typically will not sell to someone using a rehab loan unless they are willing to pay signigantly more than the other offers.