If there is enough meat on the bone and you can absorb the difference then go for it. 

I have two lots I'm going to build new construction on.

Meyers ( lehigh Acres) on brand new or near new constructed homes ( minus Chinese drywall) for 25 to 40k each.. these homes 5 years before were selling for 250k.. in my mind in that time in space.. that was probably one of the cheapest places in the first world to live.. brand new our near new home for 30k  US health fire and police.. 

There is some interesting construction techniques that I haven't seen too often.

I would look for something that you can turn into a 3 unit or 4 unit but a duplex may work at least initially — a shell is totally OK (and may be preferred) if you have the budget to renovate (note that you may be able to find a construction loan with as little as 3.5% down although you’ll need to run the numbers to see whether it will work for you).If the answer to the first question is no (or the answer to the first question is yes and the answer to the second question is no), then don’t invest in LA because you are likely able to get better cash flow elsewhere to offset your current housing costs.

The mining and logging industry ranked first in job creation followed by construction; professional and business services; leisure and hospitality; and transportation, warehousing, and utilities.All Texas metro areas except Corpus Christi and Victoria had more jobs.

They often get tips from neighbors about some construction or from annoyed noise.

. +1.5% growthAlso, while Phoenix has it's share of subpar construction I don't think it's unique to the city and I'm sure Baltimore has it's newer home construction issues.

I then looked at MF construction activity. 

I just recently graduated from college with a degree in Mechanical Engineering, and am currently working in construction.