If not, consider creating a detailed savings plan to ensure you have the necessary capital when the time comes.

Thanks y'all.You have one contractor lined up?

If you find a good one, treat them like gold- they're a valuable business partner, not someone who "works for you."

For those who’ve borrowed multiple times, what’s one thing you wish lenders or brokers did better during the process?

My 2.75% and 4% ones I will probably wait the full 30 years.

Private money (one lender, simple terms)For rural projects, private lenders are often easier than institutional lenders.Structure it as:• interest-only• short term• secured by the property• paid back at saleIf the numbers are solid and the comps support your ARV, this is the cleanest path.3.

You are entering a full time business - not “investing”.  

Section 8 tenants also tend to stay a long time.

Build a relationship with one or two lenders up front.

-one thing to do is: reset your expectations.