Also, what if you spend thousands of dollars on a brand-new DADU, only to have the seller reaqcuire the house?

@Treza Edwards  your original question may answer itself when you say there is not much new construction going on. 

A small multifamily property is a smart choice for a first investment—it offers a great balance of income potential and manageable scale for someone new to the space.Don’t worry about being ambitious; it’s clear you’ve done your homework, and you’re already ahead of the game by setting a clear goal.

Here in Florida there are some opportunities to purchase a brand new home, cash flow, and minimize your capital expenditures for quite a while.

This fundamental slow in housing starts has caused household formation to outpace new homes (single and multifamily) by 2.3 million between 2012-2022 (Source).

I think new builds don't really work from an ROI standpoint, but if you can find properties that have easy ADU conversions then the value might be there.I'm in MA and we just made ADUs legal by right, so I'm looking into the best ways to add value using them.

The "New Development Pitch" turned out to be a really good learning experience.

Someone put a fancy brand name on something relatively common.When the policy is designed properly, they should always outperform traditional retirement plans (dollar for dollar).

We started with one buy and hold in 2019. Slow start but hoping to gain momentum. Reading and watching BP podcasts to learn. Any recommendations for starting strong would be appreciated. 

Jacksonville and New Port Richey continue to show solid demand for long-term rentals too.