Any constructive advice would be much appreciated. 

Lots of research first through Zillow , real estate agent, and family members led us to Queen Creek and New home constructions.

I have 2 options:- finance the construction pre-selling the apt, and take my profits (expected to be around 700K pre-tax); or- finance the construction with a 6-7%/year loan (collateral = my house), keep the 10 units, and once the building is completed in 24 months, rent them for circa 180K/ year gross.

We've rented out some of our best investment properties (New Construction/Turnkey) to Sec 8 residents, and the rent guarantee always helps in achieving consistent cash flow each month.

The already-constructed home is one point on the base of the triangle, and the other plots comprise the rest.

I'm a realtor, investor and own a construction company located in College Station, Tx.

A report from Apartments.com shows that 178,000 newly constructed units entered the market in Q3, bringing the projected year-end total to 636,000 units.

The house's exterior is constructed of brick material with a flat tile roof.

Or the house construction industry in general where they build for $X and sell for $X+margin?

This year I may see if if I can get a construction loan to build 20-30 apartments, then refinance with an asset based lender.