A PM may have construction relationships but they are not equipped to understand the complexities of construction outside of perhaps unit turnovers.

I've been considering trying to build one on a plot lans but I'm having a tough time determining construction costs, and financing options.

However, since interest rates jumped up in 2022, new construction starts have dropped a ton in the area, so within the next 1-3 years the amount of new supply coming into the market will drop a ton, and we should see demand outpace supply again and start seeing organic rent growth come back. 2015-2022 you would see 3-10% organic rent growth per year depending on the property and submarket. 

For now, we were toying with flips, brrrrr, buy and hold, multi, even construction of multi, but... the numbers just do not add up in this market, so we are waiting... who knows for what... great deal or recession...

Unless you are doing construction and acting as a GC, owning a property management and leasing company as well as owning real estate, maybe then have one.

Does anyone know what the landlord is supposed to do when construction will be occurring on the premises? 

New construction or turnkey properties could be viable options for you.

One of those tenants filed a petition pursuant to Oakland’s Rent Adjustment Program complaining about disruptive construction work and hazardous conditions at the premises.

If you have your down payment ready and are looking into commercial real estate, long-term rentals, short-term rentals, fix and flips, house hacking, BRRRR, or new construction, I'm here to assist you.

The person will assist in some prop management but largely the GP will oversee/ manage most of the deal (design, permits, construction, leasing).