Or you can purchase a home in your own market, rehab it and sell it later.You can also invest out of state in a cheaper market and buy and hold. 

In inventory-constrained areas pre-construction SFHs can be a great way to get new construction at decent prices (the builders have real economies of scale so they can build cheaper than you and me).

According to the IRS Office of Chief Counsel, a foreclosure on a rental property does indeed constitute a fully taxable disposition, potentially releasing previously suspended rental losses for deduction.Consider a scenario where a landlord purchases a property for $1 million, financed entirely through a mortgage.

We have an opportunity to pick up a lot and are wondering if it's cheaper to just buy a duplex/4plex that is already built and fix it up instead of building one from scratch with the current  construction costs being so high. 

If you don't already qualify, the answer may be you need to save a larger down payment, look for a cheaper property, or wait a few more months to build longer credit history.Good luck and don't forget to save a beefy emergency fund!

Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

So what happens is there is a differential that builds up over time where you get grand-fathered into a lower taxable value.  

.- Look for off-market deals that are much cheaper,  using hard money and then refinancing with a rental loan.- Find properties where the owner will finance most of it, so you only need a smaller loan with the higher interest for the down payment.- Take over a property where you can continue the seller’s lower interest payments.- Another thought to give why would you want to do a rental at all, I mean those terms are horrible. why not buy something else with a better return on invest?

We are open to getting a home renovation loan and finding something cheaper and renovating, but we still can't get into the prime areas for the budget.We have been advised to make sure to choose an area insulated with good schools and parks but that's just not possible with our budget unless we go to the suburbs, which we are not willing to do.

I built high-end custom modular (e.g. stick built in a factory and shipped) for a significantly cheaper cost per sq foot than it would have cost to build with a local builder.