We are under a joint venture agreement with a construction company that will build homes on these lots.

Two things I am less confident about are: 1) the construction quality (is it a "cracker box", did the foreman let the guys cut corners to make a deadline or save a buck or simply because he was too busy) and 2) if the home in question turns out to inspect well, how how well the neighborhood is going to fare over time if it's less than 5 or 10 years old?

Though my son, as a three year old, is fascinated by real estate (walking properties, watching construction, etc.), the bloom may be well off by the time he's an adult.

Hi Cindy,The general contractor I'm using for construction projects is awesome.

.· Adding a 3rd bedroom to the 2 bedroom unit, again need town approval and will increase expenses Lost rent during work, construction cost, but would generate about $300 more a month in rent.· What about short sale?

this is more an out of curiousity issue at this point, as i intend to move forward, just interest in if it would be cost prohibitive to add for an additional $150 or so in rent/ added value if sold.Also, i understand that the local muni codes etc are a big factor here, and i plan on calling them up if we get the house under contract, but in terms of labor and construction if there arent any structural conflicts.thanks in advance.

The question is are there advantages to constructing new sfr's to rent vs. buying existing ones?

We have purchased older, cheaper homes and new construction homes for our buy and hold portfolio and we have been happy with all of them.If you have a goal of having multiple rental properties and you start out buying the more expensive homes then it will take you longer to accumulate as many properties as you'd like, unless you are already flush with cash to go out and buy them all.

It's almost like it's own tiny little new construction project.

(however, we have some pretty good knowledge about general remodeling/construction)..