Our plan is to move her to part-time next year and have her qualify for REPS.

Trying to avoid raising rents, despite expenses exploding.

DM me and let's find the time to discuss further.Good plan to get into real estate investing!

There is no way I would refer to all time most expensive or least affordable in over 40 years as a buyers market (note this is not to imply that it is a great sellers market).However, this is not my main concern about purchasing most MLS properties in this market.  

I plan on going there tomorrow to look at the flooring

Pro-rate the rent and save yourself a lot of grief from an issue you would surely lose.If they had purchased renters insurance with loss of use/additional living expenses this could be a covered loss for them.  

Vacancy/turnover is very expensive!

Investing in New Builds: Considerations and ProcessNew Build Investment Options:Build and Sell (Fix and Flip):Pros: Potential for high profits with modern appeal.Cons: Requires significant upfront investment and market risks.Build and Hold (Long-term Rental):Pros: Attracts quality tenants, potential for higher rental income.Cons: High initial costs, market fluctuations.Process Overview:Market Research: Identify high-demand areas.Land Acquisition: Purchase suitable land.Design and Planning: Work with architects and obtain permits.Construction: Oversee build quality and manage costs.Marketing (Fix and Flip): Highlight new features to attract buyers.Tenant Management (Rental): Implement thorough screening processes.Advice:Educate Yourself: Understand local regulations and market dynamics.Risk Management: Prepare for potential delays and cost overruns.If you have any other questions/just want to discuss feel free to reach out to me directly!

I have full civil and architectural plans and the city has already given me a grading permit.

I'm planning to grow it into other areas of real estate investing.Outside of real estate, I enjoy spending time with my three teenagers, traveling, and binge watching Netflix series.