@Jonathan Klemm my hope is to continue to look for opportunities, primarily multi-family but also SFR. 

Generally no because the root system is still in place.

Now the tricky part is creating your underwriting standards and system.

Work with your attorney for what is needed to insure all subcontractors get paid by the General Contractor.Make sure the insurance covers Construction period and also materials.Talk with your Commerical insurance agent and they should address the above questions with you.If this is an older facility make sure your engineering firm has covered Fire Suppression systems and any Storm pond or drainage systems. 

I purchase my 1st multi family in Durham last sept, I was debating between str and long term, I went with str and I am loving it so far. my dec occupancy is Unit one 2b1b: 82%unit 2 studio: 79% So far so good and already thinking of getting another one in 2025 🤤 These are great numbers for this time of year!

The systems you have in place to handle leads, follow-up and your sales processes are also huge factors.Another factor is what is your monthly marketing budget?

Solar panels and backup battery system installed in 2022, I have a loan for the system so that would eat into any sales.I'm in San Antonio, Tx.

You may also want to consider purchasing multi-unit properties and live in one of the units.

The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route.

It's how you document, and not how you "think" the system works that gets you what you want.