Build or keep searching?

[Ramonater Ramo]

Hello everybody,

I bought my first rental property (8 units) in August 2017. Starting November 2020, it will finally start generating some income (about $1,100/month). I have been trying to find the next deal ever since July/August of 2018, and have not been able to find any worth investing in. Last night, out of nowhere, I started thinking “why not just build some rental units?” Given how hard its been finding something I am thinking about going that route. I have never built my own rental properties, so my questions are

• Is it overall cheaper to buy or build?
• I plan on doing some research over the weekend but, what do I need to look out for?
• What should I research?
• Do bank help finance something like this?

Any and all info/advice anyone can give will truly be appreciated.

Thank you