Being licensed and maintaining that license is an indication that you are likely to be more serious and in it for the long haul IMO.

@Nupur PatelI've been toying with the ownership structure for some time now.

Why pack everything up and haul the furniture off when it's just to be repeated in two months or less? 

I've hauled 2+ million lbs of rock to prevent erosion on my 3/4 mile lake shore to save the land..and have had enough stupid Govt interference and permits to last 3 lifetimes.

You will also need to consider rental costs for any heavy equipment and transportation of hauling to and from site. 

He’s in this for the long haul.

Expenses like CapEx, maintenance/repairs, management, and vacancy dig in to what cashflow you thought you had over the long haul.

@Darshil ParikhHello Darshil, As someone who specialised in new constructions (although 100% luxury apartments), hindsight, they are not the best investments because you’re pay top dollar for the shiniest, newest and flashiest toy at a premium.

Specifically, for the strategy I used, I did have to have quite a bit of money saved up ($90k) and that was from yrs of saving before, during and after the military.Before I even knew about house hacking and 4plexs and the VA home loan I was building my credit just because and just saving nearly my whole paycheck while I was living in the barracks, eating the food in the DFAC (Chow hall), no expensive toys and even after my contract ended I moved back home and lived with my dad for free and continued saving nearly my whole paycheck while I was working for AZ DOC as a Corrections Officer. basically, just keeping my expenses as low as possible and stacking cash away so I could take advantage of opportunities.So, it would behoove you to do the same and keep your expenses low, don't go into debt buying an expensive doodad like a $40k car, and a bunch of bad debt, and take advantage of one of the greatest loan products on the market!!

While I agree you can’t “rely” on appreciation and can not lock in some quantifiable return of it, if your strategy is wealth building over long haul as opposed to cash flow, you certainly can invest that way and get some “estimated” or proforma returns analyzed.