See what I mean...For Federal tax purposes, look up 1040 Schedule E which is how you report rental income properties. 

What type of prices should I expect to e pay

I would love to shadow someone or have a mentor but I know that is not ideal. 

@Shri Kanase There a few resources to use when making your decision, but the ideal things you might want look into are:Tertiary markets with populations over 70,000, you don't want to be the largest owner of properties and this will make sure there are enough people to flip homes to. 

Ideally the reserves would cover anything that came up, but you never know when a large unexpected expense comes up. 

Ideally, I could have a couple of these going in a couple of the cities I have on board.I almost feel like I need to find a mentor type of person who can see what I see and be altruistic enough to help me expand and grow this vision.Thoughts?

More info: https://www.investopedia.com/terms/e/evergreen-loans.aspThe only way I'd know to do that is go ahead and take the entire amount out BEFORE the crash. 

Ideally, you want to find a good lender who is quick to run the numbers for you.

Current financing available, construction costs and how to reduce them, appraisal trends, best practices when building on investment properties, rental values, design trends, how to minimize the construction time, ideal target markets, which city's DOB's are helpful and which aren't, preferred vendors, etc.

I'd like a partner who ideally has invested before and understands the process investing entails.