I have a full time job in the construction industry selling materials however I am a complete novice to investing.

Learn the local markets, for timing, finishes, construction costs, financing possibilities, codes, etc.

My ideal scenario would be that we find a 2 or more acre lot, hubby the 2 kids and I are in the "main" houses and there is a cottage house or some sort of agreeable sized outbuilding where my parents are -- hence, they are close enough where we can help them out but both families have their own space.This more than likely would have to be new construction as I don't know if these types of properties are available around here (at least listed on the MLS).And of course space costs money in real estate.Any suggestions (other than don't do it, ha ha!)

And then the other one is a condo complex that has some talk of mold and the possibility of construction defects.

Billy, you might consider rehab/flips or new construction in Austin, and buy rentals farther out where there is better cash flow.

What are the pros and cons of building a new house vs. buying an already constructed house?

My wife and I are waiting for our new construction condo to be finished.

I am going to be renting my current home when I close on my new construction.

So, I've made a video of my last house I checked out, a complete walk through (except exterior, which you'll just have to trust me needs exterior paint and some landscaping that I'll do on my own) and I want to let th...

The house was stucco/flat roof, which is common for that area, and I'm more familiar with wood frame/siding/shingle construction, and since I was just checking things out in a general way, I wasn't doing full inspections.