Compared to rehabbing where the asset is already there regardless of the repairs needed.

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.

Originally posted by @David Hines:I would recommend checking their comps and repair values very closely.

.✅ Property Age & Maintenance – Older homes can offer lower purchase prices but may require more maintenance, while newer homes often have fewer repairs but may come with higher price points.✅ Rental Demand – Single-family homes tend to attract long-term tenants, while multi-family properties can provide multiple income streams but require different management approaches.If you're still getting familiar with the area or have any specific questions, I’d be happy to chat and share more insights.

But if this is your first investment property you may want to talk with a property manager to see  if you are maximizing the amount of rent you can get and what repairs/maintenance work is needed before renting the place out. 

The repair and warranty idea is a myth.

“What if the repairs are too much?”

Every year realtor.com releases a Top Housing Markets report based on anticipated sales growth (inventory) and price growth (appreciation).

They won a good portion of them that is now being used to fix/repair for all buildings & condos. 

A deal may have a good cap rate, but when you factor in repairs, acquisition costs, and debt service, you could still be under water.