I had a client considering a building on that edge that you mentioned just yesterday.

However, the process was extremely cumbersome, communication was inefficient, and the loan fees were inflated compared to other deals I have seen from fellow investors.We will be ready to begin the refinance stage of our next project in the coming days, as renovation is finishing up and we are screening tenants.

If so I would thoroughly ready this to see what they require and what you agreed to.I doubt you can keep your permit if you refuse their inspection.If you are doing everything as you should, you shouldn't have anything to worry about.

Things just require more ongoing expenses percentage wise out of state because you have to pay people to do everything for you and you will have a longer time building relationships with vendors even when getting decent referrals. 

It’s a 3 bedroom home, brand new build and just shy of 1500 sq ft.

Get on a budget, build your emergency fund, pay off all debts, save up.

On a positive note we did build a new house to the specifications of a specific tenant. 

For example, I own two large multifamily buildings, and when I tried to get a tax exemption for them, I had different experiences.

Usually the numbers don't work to build in these neighborhoods, unless government tax credits, etc.Do you see the problem with your two statements:"The turnover costs could/will be high"and"How much more damage could they do?"

It’s not easy to find but deals are definitely out there.Pick a couple markets you like and really hone in on them so when the right deal comes along, you’ll be ready to strike.