Building vs buying rental properties

[Austin Gainey]

Me and a close friend are partnering up and wanting to start our rental portfolio .

We are considering two different strategies

1: buying a lot and building a new house that would be a long term rental

Or

2: buying a existing SF home below market value and doing some rehab to get it ready to rent

We both have extensive construction back grounds and can do all the work in house no subs or other GC’s needed

We know there is pros and cons either way

We are looking in the north central Florida market

My question is which of the strategies would be best to scale our operation ?

We both have an extensive construction back ground