I've personally lived in Kingsport and have years of residential construction experience and have several contacts in that area that operate At the top of their respected trades.

Of course you are looking at touring a new development, so ideally you can talk to the construction manager/superintendent with more construction related questions:Hurdles to progress?

Hello @Tanner Sortillo,They could look at picking up two properties instead of just one—maybe a new construction alongside a turnkey property.

We expect construction to cost 400k.

What do you think your construction costs and value at completion will be?

We are looking for an attorney with experience that can construct an operating agreement for an LLC for an acquisition of a multi family property in the state of Arizona. 

As a Contractor myself, on my New Constructions I use Lawson windows and I NEVER had a problem with these windows that involves quality, I’ve had problems with the other manufacturers that were mentioned above.

From a “landlording” lens, however, I’d recommend recruiting a solid team of locals (e.g. attorneys, leasing agents, property managers, contractors, etc.) who can help you with closing, leasing, maintenance, repairs, and capex.New construction and turnkey assets are also popular among long-distance investors, since you either won’t have to do much maintenance or capex at the outset (in the case of new construction) or can work with a single, full-service point of contact (in the case of a turnkey property).

I have a small real estate development/construction/investment company with four partners.

They create the team and a plan, acquire, due diligence, take care of loan products (If needed), oversee construction/renovation, hire property manager (or run in house management,) take care of accounting/taxes/K1s, deal with closing or refinancing.An LP (limited partner) just puts in the funds (after hopefully vetting the GP and team) and keeps fingers crossed while earning mailbox money.