@John Friendas Without knowing the expenses and costs associated with it I can’t make an educated judgement.

I recognize that my net worth is small compared to some of the people I associate with.

Basically a 3 page excel spreadsheet that outlines the property details, as well as costs associated with purchasing and making ready for tenants, including adding bedrooms if at all possible, which is of course is Homeroom's specialty.

Quote from @JD Martin: Nobody is going to build "starter" homes unless there are incentives that help absorb your fixed costs - developing lots, utility connections, grading & surveying, etc.

That said, the increased rental income typically associated with POHs vs TOHs partially offsets these additional costs, though the long-term financial implications and operational risks tied to POHs require careful evaluation.

@Patricia Steiner As it is a condo I would think you could try to get the Association to do external pest control.

A great way to start is by attending RE events and joining a local investors association.

Owner occ developments there is no value associated to the income approach so these props generally speaking will appreciate a lot more as the neighborhoods are much more desirable. builders the last thing they want to do is sell to investors if they are creating owner occupied communities.. rentals degrade the neighborhood and they will be sabotaging their own values to allow a bunch of investors to buy and rent out in their communities.So when you buy new builds keep in mind if its a build to rent community they will NOT appreciate like owner occupied neighborhoods.. might be best to find something already 3 to 5 years old where the stigma of renters dies down.. that would be best to protect your investment.

Ask them a lot of questions about their loan programs and the costs associated.2.

If any one can recommend a good REI focused lawyer or a building engineer to do a building survey then please let me know!