Let's talk,DanIve actually been looking into buying a condo myself as an investment, I have a few rules, needs to be with both good hoa management & relatively cheap fee (bellow $600 a month) needs to be in area where I’m not competing against other new construction apartments, needs to be an area where even townhomes are so expensive you are not competing, I.e. upper nw, nova, Bethesda etc. needs to be 1990’s or newer in most cases.

Hey James, I haven’t purchased land in Davis Park myself, but I do have clients currently flipping a home not too far and there's a lot of new construction happening in the area.

Population growth creates increased demand for housing, pushing rents higher.Rapid and Sustained Appreciation: In cities with abundant, low-cost land, new construction is often preferred over existing properties, limiting appreciation potential.

I am going to document costs and upload videos showing the construction process. 

Brand new construction - seller is asking for a premium that isnt attractive to prospective buyers acquiring commercial financing.

But when the interest rates started going up about the same time the fed start raising its rate, new construction came to a screeching halt.

The average sale price for all new construction homes in the Charlotte region was $488k as of December 2024, so nothing less than $1 million is 100% false.

I'd put less down and put cash towards new construction in urban core like olde towne east, king Lincoln, Southside columns ohio 

As @Tom S.eluded, I wouldn't be surprised if there are major issues to be uncovered.In addition to construction costs, there will be additional filing fees and architect/engineer expenses.I'd be happy to recommend a contractor, shooting you a DM now.Best,Abel

If you're exploring financing options for flips, rentals, or new construction in Tallahassee, I’d be happy to help.