Here is the pros & cons I could think of, but would love to hear some thoughts from experienced multi-family builders & ownersHere are the pros/cons of having a balcony in my opinion. 

Milwaukee is hyper-competitive, next months numbers will probably be 103% sold to list ratio, we estimate about 5 or 6 buyers for every seller and it will only get worse IF rates come down.Just got an AO yesterday with a builder on a spec, 90 days out, some custom finished, LVP instead of carpet, we offered 7k EM and they countered with 6k non-refundable because of the customization.

Hi, For a rental,  I have kitchen counter tops which are laminate and bathsinks/counters and bathtubs etc are standard builder grade.

I have been able to assist them with local builder contacts, local property management, and also helped with securing wildlife permits if applicable.

If new construction it would be a Builders Risk.  

It is feast or famine sometimes in RE doesn't matter if you are an agent or builder or in the debt business.

I’m not sure if I would rebuild myself or just try to resell to an interested builder. 

I fund builders and developers, so obviously, I work with many seeking entitled land.

And, for many, it's a cycling action much like body builders do of growth, consolidation, growth, consolidation, evolving up along the way. 

Put together a team with a real estate person, someone to look after your property, loan officers, builders, and bookkeepers.