Here’s a quick breakdown based on my experience:Building new construction gives you full control over the design and materials, allowing you to incorporate the latest energy-efficient systems.

if you look at land development and new construction in columbus please reach out I'd love to help explain the process 

Loan includes money for the construction.

If I had a choice I would definitely pick the new construction.

Hey @Shawn Faris,By her leaving the keys, she's giving you what I believe is called "constructive possession". 

If you are a solid investor focused agent, I’d be game to discuss land development + ground up construction of a well designed building you'll be fine in Fort Lauderdale or anywhere in South Florida. you will probably need more liquidity than existing but the deals are much better. 

Seminole for Example has a lot of great traffic and tons of spots to eat, drink, socialize for adults and kids.I know Cape Coral is picking up in terms of STR's with the complettion of the 7 Mile Island and more construction lately. 

Then you need to learn how to calculate rough construction/rehab estimates. 2) Learn to Market.

At first, we were going to GC the project, bring in a KP to meet the net worth requirements of the loan and raise the equity, however, I am considering just working with an operator who has the net worth requires and can raise the equity themselves and just GC the construction and ask for a 5% GP. 

The problem as far as I can tell is that new construction vastly outpaced rental demand.