Is there anyone doing new build small multi-family?

[Evan DeVisser]

I have kicked around doing a new build small multifamily for years now. Personally, I always thought that they would be a product that would appreciate faster than older units. I always figured that they would be a better investment long term even if you only break even for the first years. 

Has anyone done this? If so how has your experience been with doing a build to rent scenario? Thanks in advance. 

Keywords: New build, Grand Rapids, Chicago, appreciation, Cleveland, Toledo,