Make sure you have plenty of cushion in your numbers because as a first time investor, your construction/rehab budget is likely going to be off, and on the low side.

In the December, I signed a contract for new construction of what would be my primary residence.

Housing characteristics (www.census.gov/construction/nrc) Housing starts?

Investment Info:

buy & hold investment in Boston.

Purchase price: $75,000

Cash invested: $20,000

This is a vacant lot next to our 17 Maywood St building. Same owners but owned under a separate d...

To educate yourself you can pay a contractor to walk with you, buy some books, and do property tours with local meetups.https://www.biggerpockets.com/member-blogs/8814/68805-how-can-i-get-contractors-to-give-me-a-rehab-estimate-pre-offerAlso here's another blog post I wrote to help you estimate that you can use while you do a property tour:https://www.biggerpockets.com/member-blogs/8814/72452-how-to-estimate-construction-costs-for-these-29-common-rehab-projectsGood luck!

But with all of the new construction in town and hundreds of apartments being built (no exaggeration), there is a lot of competition.

Hello Huntsville investors, do you think new construction homes in Harvest and Toney will meet the 1% rule?  

There's a strong demographic of folks who are into publications like Dwell, Archdaily, Treehugger, etc. that are very interested in modular/prefab construction and in some cases that fact alone can lead to quite a bit of buzz especially around new development. 

Here's the deal specifics in question:The Sponsor is the guarantor & deal maker and has no equity contribution in the deal, but is liable to the debtGeneral partner collaborates with the Sponsor in managing the rehab & construction but also makes no initial equity contribution but contributes towards monthly holding costs with the Sponsor during the renovation period.

I myself just build new construction in the metro area and buy deep distressed that I hold for maybe 3 new York seconds..