If you bone the offer and then try to claw back in inspections or renegotiate, you won't be seeing any more deals.On true dumps, I bring my team with me to the viewing and do as much due diligence as possible before even making an offer.

This does not account for the also large supply of new construction single family inventory hitting the market in 2024 and 2025. 

Doing a 203k on a multi can be challenging, depending on tenants so your best bet is to get one vacant, but then you are at a full loss while construction is going on.

Hidden damages or poor construction can cause issues down the road.

In the interim, the Investor B BRRRR strategist spent 3X as much time managing the acquisition, construction and management of their assets comparted to the Investor A strategist.

Please note that we focus on new construction properties mainly, which is different than the traditional "turnkey" model.  

I also manage about 50 new construction homes for other owners in various places, and even though there is less R&M than older stuff, stuff still breaks and you need to fix it. 

Currently I'm constructing duplexes, 4-plexes and working on an 8 unit as well.

I hear a lot of investors, realtors, and other real estate professionals saying that they are looking for vacant lots/land to build on. Genuinely curious what people's plans are for these lots, and why so many people ...

I can't speak for all investors, but I know I have become more conservative with the rising cost of construction, interest rates, insurance costs, and vacancy hold outs.