Its not really meant to be a function of a profit center but more as a by product of operating the business. 

We are looking for something reliable, but don't necessarily need the high end product.

She specializes in your area and that product.

Direct Mail, canvassing neighborhoods, driving for dollars, bandit signs, wholesalers, HUSTLE is what you will need to uncover viable product to capitalize on.  

If so, FHA will be a great loan product because it requires little money down and it will need to be your primary residence.  

WACC means they know their loan constant and required return on equity for a given type of product with given risks.

I've got 14+ years experience with production home builders under my belt and am now looking to branch out on my own.

Also, remember that all inquiries made during a 45 day period for a singular type of credit product - i.e. a real estate loan - will count as a single inquiry on your credit report. 

I guess I was just too focused on learning the products to think outside the box.

Most buyers don't want to wait to build from scratch, so I am loosing a few buyers by not having enough product up.But as you said I don't want to be carrying 3 buildings if it slows a bit, and winter is just weeks away.