If you are unfamiliar with construction, you will most likely get taken for a ride.

You (and I) need to research and figure out the right ways to play the game in the current economic cycle so we can ride the waves, no matter how them come.

If we were keeping it for a long term rental that would be different cause we could ride out the waves.

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $220,000

Cash invested: $237,000

Sale price: $715,000

This was a heck of a ride.
It was our first triple...

With nothing out of pocket and good terms from the seller, I plan to let it ride for a while.  

Sub 200k duplex's where you can meet the one percent rule with a little digging and ride the wave of appreciation as they are up and coming areas. 

Another is to ride the appreciation wave we're seeing right now and I expect will continue in the near future, even if not at the same pace we witnessed in the last 10 years.For these reasons, I think house hacking is a great strategy for new investors and I question the assumptions about scalability.

So now I love my pool all the time.I believe pool cabins rode (and are still riding) the post-Covid wave even more so than the non-Pools.

Buckle up it will be a fun ride...I have 4 lots on the North Side of Jacksonville and will be constructing 4 identical houses, there are 2 lefts and 2 rights. 

@Monte Riding, I think you nailed it!