Quote from @Todd Boone: If it is, what kind of investment? 

My name is Chelsea and I am new to investing as well!

Phoenix, AZ/Maricopa County, AZ is an incredible place to invest and house hack.

I fear the lawyers will become wealthy over this litigation...Overall, it's an interesting "solution" to the problem of foreign investment in real estate and the lack of adequate housing for the population. 

I guess the risk comes with the incertitude of the period the house is being built.

If the house has a septic system, especially if it's an older one, it's worth the investment to have a septic inspection done.This concern is particularly relevant for those planning to buy and hold the property rather than simply fix and sell it.

Hello,I am a real estate investor located to Southeast MA, I own and manage a small portfolio of 23 units and am looking to expand and scale out of state as the returns and market have been quite difficult in my area: due to CAP Rates, specific building class I am looking to invest in, and rising interest rates/minimal inventory, as well as it would be nicer to be diversified and in a more landlord friendly state.  

Most real estate investing books will answer this question, and there are a lot of blogs about the topic.

That person will be able to tell you what you can do and following that plan will give you peace of mind about your further investing strategy.

I would be planning to do some things before actually making an investment.