Hey @Austin Wolff - You bring up some good points about knowing the house better than anyone when you build new if you are actively involved and onsite regularly, but I'd get behind @Jay Hinrichs, in the sense that the numbers don't always allow you to build new.Here in Chicago, new developments are super pricey, and even the BEST DEVELOPERS HAVE SLIM MARGINS. 

They only like to go deep in bigger amounts with proven performers and more regular prefs and split ratios.  

If you dig in on the south or west side, you should be getting deals that are distressed enough to just use regular hard/bridge/private money that is expensive. 

My regular LOC is charging 7% today without points but it changes daily.

With REPS, if you hit 750 hours and spend more time on real estate than any other job, those paper losses can offset regular income, which could mean huge savings.

I get the rent is substandard but it seems if they just hold on for another 7 months they have a vacant property they can sell to all the regular primary home buyers in the market and get a much better selling price.

Conduct regular inspections?

Insurance agent in Atoka, OK and insuring properties in the area regularly. 

That, I am sure, has cut down on any dog tracking in stuff as they do get used regularly.

Pretty much a regular Florida weather breakdown.