Appreciation is how you can make money in markets where price points are disproportionately impacted by construction costs not with cash flow or flipping. 

Constructing new homes and selling them is extremely difficult and challenging.

The Prosper Construction team redeveloped this building back to it's original glory.

Additional Context:- I'm usually a DIY everything guy because I grew up doing construction and farm work.

Starting with a property that is either new construction or turnkey that offers positive cash flow is a smart strategy.Feel free to reach out if you have more questions!

There are also home buyers who want to look in the area before they buy, home sellers who sold and have no place to go and want to look, contract workers in the area, construction workers, insurance displacement, and more.

Is there a lender who will lender who will give the construction budget right at the closing (when I purchase the property)?

While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.

I grew up with a realtor for a mother, but she’s not too well informed on new construction.

Currently I am exploring investing in new construction rentals with the goal being to better calculate cash flow at the front end with maintenance/cap ex expenses being low for a prolonged period of time and predictable.