Do you have a developer/builder with experience that would partner with you? 

I saw that the population grew by 5% from 2020 and I haven't seen much development as far as new housing goes so what could be causing this uptick in time on market? 

Houses in my development have sold as high as 585k, my house was appraised for 475k as is.

Outside systems like plumbing, sewage, and the water heater should be in good condition, and make sure there are no signs of pests.Additionally, look into property taxes, insurance costs, and zoning laws that could affect future development.

Building a portfolio allows you to gain experience, develop systems, develop your own approach to managing properties etc.

In July of last year a roof leak developed and caused damage to the ceiling in my unit, to the point there was partial ceiling collapse. 

So you need to develop your checklists before you bring your first deal.  30 days is a very short time to execute and learn.etc etc.Use the above to start the development process for your wholesaling efforts.

I looked at similar properties in the same development to get my pricing data.

Given the location and how the town has been developing it seems like a good investment opportunity for rentals.

Department of Housing and Urban Development (HUD) Secretary has brought renewed attention to a long-debated policy move: the potential privatization of Fannie Mae and Freddie Mac.