If you can get hold of a reliable and honest builder, you will be fine (that does not mean you will not go over budget).Low CapEx, Little Hassle, Quality Tenant, You can manage new construction out of state for the first 5-years, Tenant May Stay longer (because is a brand new house) are few benefits of new construction.You may not be able to get close to the 1% rule though.Goodluck

I'm new to RE and I'm interested in attending some quality meetups. 

@Saul Clavijo make sure you understand you will be getting into Class C properties at those numbers.Food for though below, DM us to chat more about Detroit:--------------------------------------------------------------------------------------------------------Recommend 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?

I have also purchased resid. and comm. properties where the landlording/property management was really poor. 

Buy good quality things once rather than poor quality and pay multiple times to replace it.

They took a big risk, and they probably thought it would be easy to rezone so I personally think that's on them and poor risk management.

It will depend on the quality you're looking for..

Hi Jewell,The first thing is to see what is lacking the most in the property since small upgrades will have the biggest impact in the areas of low quality to start.

The best way to find a quality mentor is to go to local meetups and meet people.

Like every investment asset, real estate investing is not risk-free.And many more.....Answering these above questions will allow you to ask your potential real estate agents the right questions.Remember that the quality of your questions has a direct correlation to the quality of the answers you get.