My wife and I are looking into building a duplex on it.since I am still learning on investing in real estate.

They’ll let you know if everything looks up to code or if there are issues to fix.Then, head to the local building department and apply for the permits.

Get knowledge, follow experienced people, and leverage wisely.My Take:If you have two houses, excellent credit, and motivation to build wealth, you can learn to manage your money responsibly.Use HELOC, credit cards, and business credit funding to leverage your cash and buy properties faster.

We manage 275 residential properties with the majority of those in Sherman/Denison so I feel uniquely qualified to chime in.Generally speaking, 3 to 4 bedrooms are the most popular and for a new build, they will lease anwhere between $1600 - $2200 depending on the area, size and amenities.

I would like to pull out equity from the homes to build either a house on each or an ADU (they are zoned multi-family) depending what makes the most sense on returns and what is feasible.

How do I acquire the funds to build an ADU to the property?

Insights on cap rates for apartment building in 44313? 

Seems like it'd be lower maintenance since it's a new build and in a nice area.

You could build or flip less expensive units and sell them to your clients/occupants over time.

If you are going to self manage you will need to build business systems and get a list of reliable vendors.