I was sent an offering memo by a broker selling a multi-family building in an area no reasonable person would even consider affordable housing material yet the marketing materials made a point of emphasis to detail how the property would satisfy the need for affordable housing.

Sometimes going to local investor meet ups after investing for 15 years and building a large portfolio is a little disappointing.

Since I'm just starting, I'd appreciate any insights on:-The best ways to build trust and credibility as a beginner.

Picking up 3 properties. 1 remodel/rental, 1 demolition/New construction and 1 that I'm hoping to build a duplex on.

Building my buyers list for $10k "condemned/burn out" VALUE ADD Homes in Southwestern Michigan (5 minutes to Lake Michigan/90 minutes to Chicago).

I think working with an architect to build something really unique and custom is always the best move if you have the budget for it.

Build a team with all that time in the morning and and the time you have by walking up early etc. 

So as long as someone gets realistic with the TRUE cost to  own and maintain and the numbers work it can work but I am a big proponent if your going to have these types of assets they need to be paid for to really enjoy any financial benefit.lastly I can say the same thing about new builds.. over the long haul unless there is REAL appreciation more than just 2 or 3% if you sell within say 10 years your going to be lucky to break even as your going to have to spend 20 to 30k making the houses fresh again to get top dollar a 10 year old rental is not going to bring top dollar and the value at that point will only be what an investors will pay for a given cash flow..

I use it for the same reason to build a REI network because I am looking to be an active wholesaler soon.

I don’t believe you can do a 1031 into building an ADU on land you already own, even if it wasn’t your primary.Reach out to @Dave Foster if anyone knows he would.