It may be worth the investment if you decide to do out of state to eliminate any potential mishaps when it comes to timely repairs if needed. 

Remember that comparison is the thief of joy - maybe they buy in very rough areas.

Remember you are using debt to make this investment, not reserves  sitting in your bank account so I recommend a more conservative investment approach. 

But if you find the right builder, having a new construction cabin is so much better for rent and to limit expenses, its well worth it.

I didn't get my money's worth from MFM.Update: Nov 2024- they have restructured their program to have 3 paths: acquisition, capital raise, or underwriting - and have a 12-class program for you to follow for each path (what happened to asset management??).

If this is your entire savings, it might be worth waiting and building up a larger safety net.2.Savings Potential:How quickly can you add to your savings?

Remember up to four units is still considered residential. 

So in 7 years they could easily still owe more than it’s worth.

You're better off reading the BiggerPockets forms getting a couple of books worth 100 bucks total and going from there.

Definitely worth checking out as local building owners and business owners meet up there to help build the community.