There has been a ton of new construction all over Florida, so supply and demand tipped very quickly in 2022-today.

Garages are often cheaper to convert to ADUs than ground up construction, but not cheap enough to obtain a profit worth the effort.  

The plan is to complete construction in the next 1-2 years and rent them out on airbnb What made you interested in investing in this type of deal?

We are low income so when we go to refinance we will probably need to do a construction loan and use projected rental income to cover the loan. 

The “New Client” Trap: Scammers will pretend to be potential clients and will carefully construct emails to try to steal sensitive information including your PTIN, EFIN, or CAF number.

New construction often means lower maintenance costs since everything is fresh and up to code.

Also you should try to find a construction manager and take them to lunch, they should be able to give you guidance on cost to build.2.

@Tosin Oluwatoye and @Jason Rowlett I am actually constructing two tiny homes (454 & 340 sq ft) on one small lot and will market them as a multi-family property.

Greenville, known for its substantial growth, continues to see new construction and renovation projects, making it a highly desirable market.

Regional hospital in Denison, Two huge casinos in Oklahoma and a number of smaller ones, Four TI chip plants under construction, and they already have a plant there now, but not sure what it makes, Tyson foods factory (I think chicken), airport that I would think gets some cargo service (but no passenger service yet).