Also, separate bank accounts from day one, get insurance (builder’s risk is a lifesaver), and don’t skimp on an attorney when setting up your partnership.

You get to harvest the equity tax free.

@Robert OkChoosing between single-family homes (SFH) and multifamily properties depends on your budget, risk tolerance, and long-term goals.

Here is the BEST way to develop an understanding of the risks and rewards of redeveloping your propertyBEST - Hire a CRE - Counselor of Real Estate to do a complete market analysis.  

Structural engineer is definitely first step as Mason mentioned.It totally depends on liquidity, risk tolerance and time.

The properties have unique advantages accruable to an investor who is willing to do their homework and take calculated risks.

Its risky but risk can be mitigated.In case anyone is wondering how this applies to real estate, my goal is to raise 100k for my dream of building a short to mid term rental on land I have already purchased in Northeastern IL in the style of FLW usonian homes.Cheers folks! 

Never invest in any city on this list.Low risk of natural disasters.

This allows them to ensure a profitable margin on resale.Navigating Market RisksInvesting in fix-and-flip projects can be lucrative — but there are risks involved.

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