If you build (via managing a general contractor), you should (ideally) know more about how the property was built than if you bought an existing home--you know what's behind the walls, and ideally you might avoid anything wrong with buying an existing home with issues you and your inspector didn't catch.I understand there's risk to building--it just seems right now that the risk is lower than buying an existing house--a house where you simply cannot know every detail without tearing it down to the studs and doing a complete remodel.

Your tenants are customers, properties are your product and reputation is your brand.

You should have an inner circle of people you trust like your Banker, Agent and rely on the inspector to do their job.I have closed on many homes for customers that they did not visit first for example they are living in California buying in Indiana, Ohio, Florida or New York buying in Vegas. 

If possible a water softener would be ideal.

Investing in your local market is, of course, ideal, but it can be out of reach for many first-time investors.

IREM President Libby Ekre, CPM, shares five essential things to look for:Licenses & Certifications – Ensure the firm has certifications like CPM or ARM, guaranteeing adherence to industry standards.Regional Experience – Local market knowledge is crucial, especially for properties in smaller cities.Property Type Expertise – Match the company’s strengths with your specific property type for better management.Company Culture – Look for a firm that values customer service and team management.

Both units were separately metered with all mechanicals in working order, making it an ideal property for investors.

At any rate, turns out our framer uses Menard's doors all the time and was able to install those despite the plans calling for custom-sized doors.

My ideal situation is to find a finance partner to help fund these deals for approximately 12-16 months, and we will exit the deal after selling to a significant multifamily, home builder, or developer for them to build on the approved land.    

@David HerfelTurnkey properties are ideal for first-time investors and busy individuals with demanding jobs, offering immediate cash flow and less surprises.