On an 8 plex, there isn't much meat on the bones for the amount of work needed for Management, but when you factor in an additional 24 units, that starts to benefit the PM, so there is more room to negotiate.Initially, the cost of PM outweighs your returns. 

We prenegotiate with builders to provide new construction investment properties to our investors that offer incentives like free property management, rent guarantees, and rate buy downs that can get conventional rates to 3.75%.

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.