The interest rate on the triplex is 7.5%, but because I took out a construction loan to help offset renovation costs, my lender says the ARV was already baked in, and a refinance would not make sense on that property either.

Beautiful city was driving through it the other day amazing how much luxury new construction 

In Reno, NV the Tesla factory and building of the Tesla Semi-truck factory has been bringing more, construction, executives and engineers to the area for 1-8 weeks. 

Turns out, during construction, one of our vendors flushed something down the toilet, causing a clog, which led to the system overflowing and flooding the home.We ended up having to cut and replace drywall in multiple rooms and swap out the wet carpet, which will cost us around $10K.Mishaps like this will happen in Real Estate.

Building housing is subject to a significant array of regulatory costs, including a broad range of fees, permits, reviews, and other requirements imposed at different stages of the development and the construction process, with both a direct cost and a time/delay cost.

There were complaints about a new construction in New Braunfels, but that is different from a value add.At this point, their website (https://grocapitus.com/our-portfolio/) shows 6 completed MF exits, in GA, FL, TX, AZ and SC, with IRR from 16 to 21%. 

The ability to take constructive criticism and learn from it can truly set successful investors apart from those who struggle.It's important to remember that not all feedback is personal; often, it comes from a place of experience and care.

We’re aware of what Plymouth looks like on the construction costs.

I also recommend, If they are not looking for another full time job, to consider New Construction.  

To me, that would definitely jump start new construction.