Is building rentals in my situation good?

[Japheth McGhee]

So fair warning, very much a noobie at this whole investing thing. But I was wondering in my situation if it would be good to start building small studio rentals. I live in Homer, AK and so prices of houses are WELL above $300,000 easily so rehabbing is out of the question. The housing is very limited hence the high prices in market, so the demand for rentals is high in the area I’m from. Plugging in the numbers in the rental calculator a 250,000 loan to build 2 studio houses seems pretty profitable. And I’m also actually a base line construction worker but I have many connections that can teach me how to put lots of sweat equity into it all. Is this all worth it? I’m very new so I’d like to do something that I can manage locally so I can learn all the ropes. Thank you lots for the grace and wisdom.