Investment in a New Build - Emerging Markets

[Prem Rao]

Hi,

Looking into a suburb of TX to invest and basically in this suburb there are basically a ton of new builds (mostly dominated by this). Since my goal is long term investing, I was curious if this is a good idea because for the life span of my hold it'll still be a viable option. With that said, I was wondering if there are major drawbacks with investing in an up and coming area's new build, but also the HOA requires a 12 month lease. Anyone have any experience with something like this, thanks?