I'm doing flips and new construction at the moment. 

In my market of Oklahoma City, you can buy new construction under $250k in good school districts.

Hell, even the Amish look at our construction methods and chuckle. 

The current costs of construction are so high that you can just find more bang for your buck buying as opposed to building.

Upon closing my single family construction my home had about 25% in equity on day one(in 2018 in Tennessee). 

I bet that essentially no one is starting new construction projects, which bodes extremely well for owners 2-4 years from now.- Prices for insurance policies will never go back down, but it is not unreasonable to expect costs to rise at a more predictable pace from here.

Things they did bad which I wish I had asked more information about:Never involved in the screening of tenantsThey recommended keys for cash by waiving the rent amount buy only collecting fees which they would get not meThe cost to evict is 750-950 yet other companies told me they will include eviction in the priceThe tenant didnt pay in full last month and I was the one calling out to them and asking questions then a few days later I get an email saying something happened with the tenant and they are investigating.You get passed from person to person every week or so.No one told me when the construction was complete and so the house was ready for a week and the post to zillow and other sites was not done.It took them another week to take pictures and then another week to upload it.I was paying 200 dollar a month electric bills while the house was vacant because they left the AC running in the empty property.

Hello Mike, It is nearly impossible to answer this question without taking a deep dive on the numbers of each but often times in expensive markets like Seattle the cost of construction is so high that it doesn't make sense to tear it down unless you can build something way bigger/nicer.

Alternatively, construction loans can provide staged funding for significant renovations but require more documentation.If you’re holding the property long-term, consider refinancing into a DSCR loan after renovations.

I have heard of a fair number of college students, particularly freshman who struggle to adjust to college and have to return home for mental health reasons.