You need to make sure your product isnt directly competing with all the new construction units tbh at have come or will be coming online soon. 

. :) Hi, I am with Irish Jones, we specialize in Property Management, Investor focused agents, and investor focused construction services.  

Another example of this is the reduction in new construction starts for residential over the past 1-2 years.

Hello, I own a plumbing company with 40 + employees and mostly work under contractors that do remodel, new construction and commercial work.

We had built the unit ourselves and had done some sound mitigation as well during construction but it ultimately was not sufficient. 

These areas not only feature affordable purchase prices for many investors but also offer turnkey homes—either newly constructed or fully renovated—ready for tenants.

There are two idea I’m batting around in my head right now to get started on my REI journey – I can do it purely on the investing side and become a private lender or a source of hard money loans to builders/developers (maybe that looks like funding a construction loan collecting interest payments while buying time to better understand the dynamics and build relationships) or I can JV/partner with a builder and get equity (upside on a flip/sale) which would be more hands on.Curious what ya’ll input, what you think is the best route for me to dip my toes into REI given my aforementioned situation and current market.

So we will go from 1 unit to 4 units, with a combination of personal funds and construction loans.

The condominium is 1 story and 1,333 square feet and was constructed in 2016.

These areas still have a great rental demand and not overbuilt.Areas like Northern Liberties, fishtown, point breeze have a lot of options, but also a lot of struggling landlords as there is a great number of new construction high rises creating a lot of supply in the nearby market.