Quote from @Donald Hatter: I would vote for buying a new construction home.  

., constructive receipt doctrine, effective control over nominal 3rd party relationships, lack of genuine risk bearing and compliance with transactional terms, etc.).

New construction homes are typically around 600k here and picked up maybe 25% in the same time.

It's just like a constructing a new building it's all the boring stuff not much to look at and seems to take forever.

I was thinking I would give them like 90 days notice w the option to stay for a temporary rent reduction through construction phase. 

I see far too many having effectively no co-invest once you net out the acquisition fee.David:We have the same definition of waterfall returns, so let me explain my reasoning.Ignore for a minute that many syndications have all kinds of fees, acquisition fees, construction management fees, refinance fees, disposition fees, etc, and assume that the syndicator is mostly focused on the returns they will make from the deal itself. 

Especially if you cant 1031 and you have to pay recapture.Even with new construction this has to be taken into account..

Piggybacking off Peter's number 1 point- get the design team (architect and engineer) engaged as early as possible and let them get construction documents/drawings going as soon as you're sure of the deal going through.

My focus is on providing tailored funding solutions for investors like you, whether it’s for Fix & Flip, Fix & Hold, or even larger-scale projects like new construction.

We do ground up construction of 3-4 units in the urban core of Columbus for investors all over the country.