How do you find a deal in a market without deals?

[Jared Hawsey]

So in the market I live in (which is a relatively small town) it would literally be cheaper to buy land and build a 2 bedroom 1 bath house than buy.. it’s a crazy rental market and by crazy I mean everyone is renting and there aren’t enough rentals to go around. I have two home but had to put hefty down payments and even though I am making 250 cash flow I had to put down thousands to get them. All of the homes for sale are 10s of thousands in some cases over what they appraise for and I’m just at the end of my rope. Everyone I’ve listen to have said never build to rent always buy. But is building a bad thing given my circumstances?