Scheduling the individual trades persons ie. plumbers, electricians and ect. is best when you have a full day of work for each trade.

They will also give you information on potential rent rates etc as wellFrom there you can compare costs to build and see which path makes the most financial sense

You could also consider other alternative construction methods such as prefabricated buildings or tiny homes.Ultimately, the best option for you will depend on your financial situation, goals for the property, and level of risk you are comfortable with.

Validate your financial metrics again. 

In terms of taking on more liability, it boils down to what insurance will be less expensive and looking at what we are having to pay through the HOA (for insuring the aggregate of all units), it will likely be cheaper for owners to purchase individual HO3 policies to cover their units (as townhouses) as the carriers would not be taking on the risk of the entire $100M+ in aggregate replacement value, and the owners can take out policies for individual units with a whole range of carriers vs the HOA trying to get coverage through the secondary market.  

Financial Management: Set up a system to track your rental property income and expenses.

My advice in this type of question is to consult with a real estate professional or financial advisor can also help you make informed choices about investing in that particular area.

Is this a do-able starting place financially, or a pipe dream? 

Also, in our opinion, many investors make the mistake of assuming their first task is to ID an area to invest in - when they should FIRST be deciding on what Property Class to invest in -> then look for an area.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.Our OPINION for the Metro Detroit market (always verify each area for yourself!)

I played 5 years of collegiate tennis as well as 18 years from the time I first picked up a racquet.I am looking for a mentor and also opportunities to grow in the real estate realm as I chase financial freedom with the goal to start building homes for those who need them once my portfolio allows me to!