When the whole covid shutdown occurred, I dropped out of college to help my father's service business maintaining and remodeling residential and commercial buildings.

Building a 4,000-square-foot, three-story duplex with a 1,000-square-foot ADU could cost about $1.83 million, including construction and permits (excluding land).

Hi Lynette,It’s great to have 20+ years of experience in residential construction, drafting, and design those skills will serve you well in flipping homes or building rentals.

The location is in a booming area of McAllen, Tx with almost nowhere else to build and rents have blown up the last few years.  

@Thea Chard Rentvine has no mixed-use building type. 

That is a great nest egg to build upon, and it diversifies your wealth.

build a multifamily property and continue that strategy. building is a different strategy that allows you to still enter hte market below value. this is what we build in columbus ohio for investors it's a 3 story walk up infill that's about 24x40 and 2 bedrooms 1 bath stacked 3 times. it's identical to like 65% of apartments that are built. you'd need probably 100-150k in proceeds.

NOTE: most property management software is designed so that any building with more than one unit is categorized as a multi-family property.

To build momentum, I’d start small, assemble a reliable local team, and ensure the properties I invest in have strong fundamentals.

And because it’s a logistics hub (FedEx HQ, major distribution centers, and growing industries), rental demand stays strong.I’ve been in Memphis my whole life and have spent over two decades helping investors navigate this market and build profitable rental portfolios here.