Details here: https://www.biggerpockets.com/forums/521/topics/1214849-dmv-...I recommend checking them all out initially, I bet you'll have a lot of fun networking!

Quote from @Donald Hatter: I would buy a $400,000 new construction home which could appraise for $430,000 to $450,000. 

In this episode of 'Ask the Expert,' I dive into why multifamily properties, especially new construction triplexes, often come out ahead.Here’s the breakdown:Cost Efficiency: Building a single-family home requires one $25,000 slab.

In Metro Detroit area, police will not remove these types of occupants (they are afraid of scamming landlord having police remove legal tenants), calling them a "civil matter" forcing landlord to start court eviction process. thats a good question Drew.. but I bet if the police are aloud just a little bit of fact checking and do police work they can determine the fraud very quickly.. 

If existing houses are cheap relative to land and constructions costs, and supply is high, it may not be worth developing even if the agency says "do whatever you want".

Out of state may be your best bet, everyone on this thread has suggested great markets.

If the real estate is producing a steady return, you can make more aggressive bets with stocks or other alt assets.

I have solid cash flow, but i make more money from service type business's, like property management, construction and Realty services.  

And your Realtor would know more about what’s typical with new construction in your State, but I feel they should be fighting for your interests, and be the one having the conversation with the sales rep about a reasonable amount for the earnest money deposit, on your behalf.Glad you haven’t signed anything yet and hope you manage to come to terms that work for you.Keep us posted!

I normally just do new construction on these pemb, so I have never done an actual modification of an existing pemb to increase the square feet.