But- since you are a newbie, in lay person's terms, the answer is yes...but slowly and over a very long time. 27.5 years, to be exact. 

every person who builds a house or a commercial building has to do so with 25% equity to get it financed with a bank. there is absolutely value in new construction. the hard part becomes making sure your architect knows how to design a building that can make money. but saying you don't know how to is a little silly it's the same idea as existing but ground up you just study the market and look at land more than you do anything else. you can build a house anywhere but you want to do it in better areas. it's either than or higher density's smaller floorplans, etc 

First time homebuyers can qualify with a 3% down payment. 

My business partner and I have full time jobs and have fully funded our first purchase.

But this time, I thought I’d share a deal that, if everything executes to near perfection, would signal a victoriously blissful conclusion for the borrower and lender.

However, under the "Disparate Impact" legal theory, fair housing issues arise when denying persons with a criminal record involving non-serious offenses and offenses that are remote in time. 

Quote from @Joseph Bui: I’ve done it multiple times as that’s how I normally structure my BRRRR deals.

2020 was 4 years ago; it seems to me that time was of the essence in trying to salvage an investment. 

Save yourself some interest and time. 

Its better with long distance to get the right property as the wrong one could be a huge time/money suck.