Hey Errol, Im open to getting on the phone with you to give you some perspective of this type of construction and what you should expect if you decide to move forward.

Ground up construction, in another state.

New construction has a very different risk profile from buying existing properties and fixing them up. 

This starts with contracts but also extends to communicating expectations during the construction process.

These types of exchanges are great for purchasing new construction.

General Market Dynamics (Population Growth, New Construction/Development, DOM, average SFR Purchase Price)What other topics would you recommend be addressed in our content that would showcase the future growth and opportunities to our stakeholders? 

Phase #1 - Recovery  - characterized by high vacancy rates and no new construction- rent, during this phase, is flat or declining- owners offer rent concessions to avoid their property occupancy rate from  decliningPhase #2 - Expansions- characterized by declining vacancy and the start of new construction- occupancy improves, concessions are not being offered, and rental rates being to growPhase #3 - Hyper Supply - characterized by new construction and vacancy rates beginning to rise - rental rates begin to grow at a slow rate- rent concession are being offerred due to the new construction in the area [in the hope of retaining current renters]Phase #4 - Recession - characterized by the completion of construction and a decline in occupancy rates - concessions are abundant to avoid high move-out rates Here are some foundational truths about optimizing your investments:#1 sow seeds of success in the down times - "The season of failure is the best time for sowing seeds of success."

If each unit has their own, I can see them allowing it to be paid with how you phase the construction. 

I also own lots in the Sevierville/Smoky Mountains area and am looking to start construction on those soon.

Background: My mother was real estate agent and my dad knew construction so we flipped just about every house I ever lived in.