And then there are the flea infestations and used syringes hidden among the trash.

You can definitely find some gems to flip and make really good profit. 

This significantly lowers the cost per door and improves your return on investment.Scalability: A three-story walk-up design allows you to maximize your build cost and land use, just like most professional apartment developers do.Control with New Construction: Starting with a new build ensures fewer risks, as you’ll have control over the property’s condition and avoid surprises from existing structures.Pro Tip: If you do go with an existing property, make sure to thoroughly vet the deal to avoid hidden costs and issues.For first-time investors, multifamily new construction is often the best way to scale quickly, reduce costs per unit, and build a sustainable rental portfolio.

Technology today allows us to access detailed information and resources remotely, which makes it possible to make well-informed decisions even from a distance.Memphis is a city with a lot of hidden gems and under-the-radar opportunities that many investors miss out on simply because they’re not familiar with the local landscape.

Now they're an expert at finding hidden gems.

- What are some hidden costs associated with purchasing unimproved land, such as property taxes, closing costs, or financing fees?

Way too much stress to do it yourself and there are a lot of hidden costs.

The only time it gets dicey is when its the ultra rich because yes they can spend the $ to keep it hidden. 

That, combined with hidden repairs combined with self-managing a low income could all construe to thousands in losses. 

Make sure there are no automatic renewals or hidden fees that could catch you off guard.