Lots of these new construction builds were done very cheaply, and since it is wood framing with siding, flashing stucco, etc; if the proper flashing drippage and caulking wasn't done correctly you will often find leaks.

With the right teams in place - investor focused realtor / inspector / PM / Lender - you should be able to get a good idea of the quality of investment it will be. 

I am an investor based in Fairfield County, CT and just rejoined BP after many years away.From 2005-2011, I got up to ~150 units in SF & MF both rehab & new construction, Class B & C, but (regrettably) sold all to focus on institutional real estate and private equity.Since selling off, I got an MS degree in real estate and participated in most asset classes institutionally ($10-250mm+) with a focus on SF & MF.

It seems they are remobing all the all the greenhouses and it seems that a big construction project.

Guy was getting a hard money loan for property and construction (don't know the details of the loan) only that the bid was accepted in FEB and the lender totally dragged his feet until it finally closed in August. 

I was also thinking maybe find a home for cheap and restoring it for myself with a construction loan.

I am an InterNACHI Certified Professional Inspector, working with any home buyer or seller.

I believe new construction loans typically require a 20% down payment so you'll likely need more cash on hand than buying a primary residence.

Here are some highlights that are less well knownCurrent portfolio DSCRVertically integrated property / construction management?

High-quality finishes and construction can increase the ROI.