Plus they'd get money back from the taxes on the builder's profits. 

The truth is, the only thing that WOULD make you crazy is if you decided that Real Estate investing wasn't worth your time and/or wasn't a long term generational wealth builder. 

After some major considering;If I can keep the Total Build Cost under 250K, Not including Cost+ or Builder Fee, these two projects will be an amazing for the area.

Builder in place, Built my place next door to Ocean Baverro, but I could not get the funding for the build out.

But, in today's market, especially if you are not a builder already with your own teams, the cost to buy an existing property is often cheaper than constructing.But like Jaron noted, you have access to capital through some form of refi on inherited property, and that gives you options on how best to invest that money.

Quote from @Keleisha Carter: I'm pivoting into new construction in Tampa and most lenders need someone on the team who has found up construction experience. most builders I've spoke to don't want to leverage their experience and just come into as a the builder.

Find a builder. 

There are two idea I’m batting around in my head right now to get started on my REI journey – I can do it purely on the investing side and become a private lender or a source of hard money loans to builders/developers (maybe that looks like funding a construction loan collecting interest payments while buying time to better understand the dynamics and build relationships) or I can JV/partner with a builder and get equity (upside on a flip/sale) which would be more hands on.Curious what ya’ll input, what you think is the best route for me to dip my toes into REI given my aforementioned situation and current market.

Real estate is very different.Landlord-tenant laws are only one small component of the decision-making and it's just an issue you deal with when for investing in a highly dynamic market like NYC.On the flip side, if I take my market Milwaukee: despite a chronic housing shortage, we don't have a national home builder working here.

PS the foundation issues are caused by Yazoo clay.. in the newer homes the builder dig out a few feet and then rock up before foundation.. the old homes are just  laying on the existing soil ..