Hey @Dalton Foote - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.

It’s a fair point—housing construction has lagged for years—but does that excuse using tech to potentially exploit renters?

i currently use ocuplant realty team and denson construction for the 7 properties I have in detroit. did you get a property @Jesse Streng

Once that’s confirmed, they’ll help you submit the required permits to the Department of Buildings (DOB) and get approval from the Department of Transportation (DOT), since it affects the sidewalk and street.After permits are approved, you’ll need a licensed contractor to do the construction.

I have a subdivision in Maryland that I’ve been developing for the past year. Should be permitted to install road and SWM infrastructure by summer 2025. Wondering who does horizontal lending on something like that? I ...

I'd like to clarify my assumptions (numbered below), and I would be interested in (constructive) feedback, especially from, the OP.1.

Phoenix has been a hot market for rentals recently, but consider how long-term trends, interest rates, or construction projects might impact demand.Here’s a quick story: A friend of mine bought a new-build in a suburban development a few years back.

I am a teacher and my husband works in construction. 

I think that '25 will be a transition year ("end the dive in '25") for the reasons you stated--construction will fall off in Q2-3 but demand will remain...that sparks rent growth.Interest rates:  Yes, flat to up. 

I actually work with a great team in LR that offers turnkey and new construction.