Are there any potential risks or downsides I should keep in mind before proceeding?

I would like to get a structure for fix and flipping in 2025 so that I can do it in my free time. 

. - New construction will be comped against other new construction - Start out with enough comps to justify the price point- keep the area tight to consolidate the risk vs building one or two in different parts of the same neighborhood. 

You have received some great recommendations and if you are yet to decide on an Investor friendly to work with, you can send me a DM and see if we are a good fit.I do provide free mentorship and a lot of free resources and connections to anyone I work with especially beginners like you. 

However, we are in Colorado in the mountains and the fire risk is high and real.

Check out FilePlace, where user-created forms are available for free.

Because it causes one to think about the way they invest, the reasoning behind their investments, and the success and failures their investment tactics and strategies have produced.I make a decision to pursue a real estate investment (or really any investment) based on an evaluation of risk vs return.  

For the first time in years I’ve noticed many of the larger apartment complexes even offering the first month free to fill vacant units, so it’s clear that demand is down.

Feel free to connect!

Check out FilePlace, where user-created forms are available for free.