It now appears interest rates will remain higher for longer than most expected and decided to use this forum as an opportunity for members to share strategies and resources used to navigate the challenges brought on by the higher interest rates.

The biggest drawback / con is paying a premium for your GC to source all the materials--they'll charge a markup on these since they now have to navigate the whole process above.

Easy to navigate and I've never had someone miss their monthly rent. 

Consider whether you have the expertise or willingness to manage contractors, navigate construction challenges, and handle any unexpected issues that may arise.Risk Tolerance: Assess your risk tolerance as a first-time investor.

Thank you for your reply, I apologize for the delayed response, but I’m new to this forum and navigating within less platform.

It you don't understand the simple concept of inheriting at a stepped-up basis, you're not going to navigate the tax complexity of seller-financing.   

I've just signed on with Wise Agent and so far enjoy the ease, integrations and navigability of its platform!

They can provide invaluable insights and help you navigate the specific nuances of each area.Remember, being well-informed and comfortable with your chosen market is key.

Buying below replacement / rebuild cost is one of the main strategies we recommend in columbus / central ohio to our clients but navigating the budgets, properties, etc is a case by case basis. 

Ideally, I am seeking a mentorship arrangement wherein I can seek guidance, address any knowledge gaps, and gain confidence in navigating transactions.