But that hasn't played out with apartment buildings.

We fully rehabbed it and continue to build equity.

This historic building was built in 1913 & previously used as a storefront.

Hi Joseph,Congrats on getting your journey started on building your investment portfolio!

Here are some steps to get started:Market Research: Identify areas with strong growth potential, low vacancy rates, and high rental demand.Financial Analysis: Evaluate the cost of construction, potential returns, and your financing options.Legal Considerations: Understand the zoning laws, building codes, and permits required for new construction in your chosen area.Sustainability: Consider incorporating green building practices to increase the property's appeal and long-term value.The Bottom LineWarren Buffett's investment in new construction underscores a broader trend in seeking alternative avenues for growth and diversification.

How many units are in this building?

Overall I definetly have this in the back of my mind, but agree with you that this could be a stretch and may be more advantageous to build reserves and save more $ for a down payment. 

I am finding land to build a ground-up duplex-quadplex in Montogomery County, PA.

There has been a lot of building going on, but I think in the short term, the only rents that are in danger of resetting are in multi-family.

Honoring the lease ensures stable income and tenant satisfaction, facilitating a smooth transition and potential long-term tenancy.