If things go sideways, you discovery greater rehab expenses, the market takes a turn for the worse, you can get in the red quickly. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

No residual marketing and no marketing for each properties uniqueness.

However my market is currently Arizona.

This is one of the main inherent risks with pre-construction, and the pre-construction market has cooled, and with impeding tariffs, there is some uncertainty around where prices will be in the coming months.One thing to clarify, are you looking to buy an investment property or a primary residence (or perhaps abit of both where you live in one unit and rent out the other)?

Since it is a family member and I would potentially buy the property for under market value.

I joined various internet marketing programs and mentorships to find ways to transition from my W2 job.

Nashville is a ridiculously competitive market.

This year I may see if if I can get a construction loan to build 20-30 apartments, then refinance with an asset based lender. what markets?

You may qualify based on Market Rents or Lease Agreement.