For example: Say I could pickup a new construction townhome right now, at $325k.

I am totally open to ideas and constructive criticism as I stated I am new to this and would like to learn from all of you experts:) Thank you so much in advance!

Also a loan on a new construction home converted to a mortgage.

Using the 50% rule (taxes, insurance, Capex, maintenance, vacancies, property-management), that should give us ~19K/month in pre-tax profits that achieves our 10k/month financial goal after-tax and adjusting for inflation.Our assumption is that building new-construction would reduce capex & maintenance the first few years. 

Currently we have a home improvement/remodeling company, so the construction piece we have including many sub crews.

This will teach you a lot about repairs and construction. 

We found this property had good bones and bad pictures on Zillow.

It's really only relied upon in new construction and even then I would place more value on a discounted cash flow with assumptions for time to stabilize to market occupancy.

Without an influx in new construction we are probably going to stay on this path, because outside of 600k new construction in the suburbs, we only have what we have in terms of houses.Wisconsin is generally a landlord-friendly state, but Dane County (Madison) keeps getting more and more landlord-unfriendly, Milwaukee is definitively better in that regard.

Know how to take constructive criticism.