Here are some steps to get started:Market Research: Identify areas with strong growth potential, low vacancy rates, and high rental demand.Financial Analysis: Evaluate the cost of construction, potential returns, and your financing options.Legal Considerations: Understand the zoning laws, building codes, and permits required for new construction in your chosen area.Sustainability: Consider incorporating green building practices to increase the property's appeal and long-term value.The Bottom LineWarren Buffett's investment in new construction underscores a broader trend in seeking alternative avenues for growth and diversification.

It’s super good cash flow.

Especially when you’re dealing direct with a seller, emotions should be taken into consideration, and can actually help you land a deal significantly cheaper than what another investor is proposing who is coldhearted.

@Brittany Rogerson these are great questions, my wife and I did this a couple years ago so here are some thoughts, questions or considerations which we learned through the process.- Are you planning on continuing to buyer more rental properties, and will your single income, plus rental income, etc. support you 5 year goals? 

Never invested in Madison and I invest in Milwaukee for cash flow. 

Knowing it means understanding what the potential (real) cash flow will be, based on what you are looking to pay. 

We’ve seen where we can make some of these New Construction homes cash flow $200-300 monthly.

End of conversation. 1031X are for properties you hold for cash flow (rentals) or for over-time appreciation (land) or both.

I have a 50k note on them and paid $670k, we're a buy and holdwe have 20 properties now and it's very intriguing to sell for sure as we are about 20% leveraged overall but we're holding tight and keeping a good cash flow  

I don't have much to add from the actual loan terms consideration, but I would encourage you to assign each property a value for a partial release and include that in your loan terms with the seller.