As an investment property owner, this means less maintenance and fewer unexpected expenses from storm related damage, often resulting in more affordable insurance premiums, less wear & tear on mechanical equipment, roofing materials or exterior surfaces.

.- When paying with cash, you have fewer closing costs (no lender fees) and fewer holding costs (no interest payments).

Especially in blue states, if you’ve gone through an eviction that generally takes multi months, it’s a clear indication of poor behavior in most instances.

If so, appreciate if you would indicate the actual cost for your project.Hi Louis, No I did not move forward with this as it was cost prohibitive for the moment.

To reach my goal of buying my first property by the end of the year, I would have fewer options as I would be looking to buy much closer to the 200k mark.

So, that is not a good indicator.

.- OP has not indicated they will involve HOA even though multiple replies suggest doing so.OP asks for advice, but seems to ignore it.  

The fact that a tenant is complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.

The fact that you are getting showings is a good indication of interest and price is close to market. 

This significantly lowers the cost per door and improves your return on investment.Scalability: A three-story walk-up design allows you to maximize your build cost and land use, just like most professional apartment developers do.Control with New Construction: Starting with a new build ensures fewer risks, as you’ll have control over the property’s condition and avoid surprises from existing structures.Pro Tip: If you do go with an existing property, make sure to thoroughly vet the deal to avoid hidden costs and issues.For first-time investors, multifamily new construction is often the best way to scale quickly, reduce costs per unit, and build a sustainable rental portfolio.