New construction with lender incentives?

[Kevin Lee]

Hey all! West coast out of state investor here looking to purchase my first rental.  I've looked at a lot of resales and with the high interest rates, I'm wondering if I would be better off purchasing a home that is new construction that offers "5.xx% fixed 30 year rates and 10k in builder credits." I was looking at the Queen Creek / Phoenix area.

I know this is not a BRRRR and won't make that crazy return on investment, but if I'd like to build equity and if I can cash flow $100 a month, that would be ideal.

Any thoughts or criticism would be greatly appreciated.  Thanks!