To mitigate these risks:*Have an Alternate Plan – Be ready, if the market slows, to rent out the property.

But in Smarter Contact, even though it's not required (if you're in the Elite or Enterprise Plans), they're strongly suggesting it and even have a report on "carrier block rate" percentage.

If you're planning to invest locally, I highly recommend it.

With flexible terms and fast closings, private lenders make funding accessible to new and seasoned investors alike​​.Plan for Property Management: Whether you manage it yourself or hire a professional, ensure smooth operations by setting clear systems for rent collection, maintenance, and tenant communication.

When I look at the property and the information what I am noticing is the "game plan" is as follows:1.

Since we will be investing remotely, we plan to work with a property management company to oversee day-to-day operations.Does this sound like a solid strategy for a first investment property?

If you don’t have a backup plan, you’re in for a rough time.I don’t say any of this to scare people off—I’ve navigated all these challenges and built a great portfolio.

I have from time to time spoken with the city administrator, economic developer, & a person at building planning commission.

I don't think the market will continue to appreciate as it has over the past few years and that equity isn't something I can realize until I sell the property which I don't plan to do. 

With some proper planning and the funds to lock in materials early, you can have an efficient build, but certainly not fast.