. 💪 what's this have to do with new construction and development? 

I think you've forgotten about the concept of Constructive Receipt. 

@Jemini LeckieRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Typically these people are really forthcoming with info and can tell you.

While most of his experience is with new construction rather than remodels, he’s already given me a few pointers and is looking into potential referrals for me.

So while that’s a great asset you pay more for it typically.

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

Exit strategies are typically, refinance into a long term loan and hold or sell it for profit.Cheers!

Numerous times I have been able to think through an issues that arose on a construction site and saved the Owner by proposing an alternate route to resolve it.