Another note on construction cost, going vertical is very expensive now and would require have a great connect with a developer and a builder in the area.See what rents are in the area and run the numbers to ensure the rents will cover your costs and give you a solid return—using the 1% rule can help.

We're working with a new construction builder who has an in-house lender (Austin, Texas area).

You should look into new construction, A builder like Lennar in Bulverde area.

I did notice that DealMachine has a list builder as well.

This person can then get you set up with a builder, if necessary, lending, Insurance, and property management.

I would have never dreamed of being a new home builder 15 years ago.

Still dry but -20 degrees means this makes a good way to keep things warm with little energy.Here is a builder in Durango, CO - https://www.formworksbuilding.com/

Builder tore down the single family and built two single families on the lot.

Very nice people and always brought us gifts :)As a home builder ( small time 20 or so a year) I look at my sub base and if I start at survey and work through the house here is the demographic..

Now reality.. unless your using funds from a super successful business.. most most starting out are not sitting on piles of cash or have family offices.. so debt is the only way to get in the game.Also short term debt were your in and out can work.. but it also can bite you in the butt.. look at all the builders that went down in the crash.