Is it as simple as: "most houses in the area sell/appraise for X, figure out how to build a house for X-20%" and there's your 20% immediate equity in a new build? 

Steve, the question should be more along the lines of whether you want to build a retirement fund vs try to bring in passive income now.

Hey BP Community,I’m fairly new to the real estate world but would like to jump in and get a head start on building wealth for an early retirement.I’m currently in my early 20’s and I’m interested in house hacking with my partner by the end of the year as a first step in investing.So far this year I have been working on building up my financial literacy and some knowledge on real estate through books and the BP podcasts.

You are betting on them to build the condos to the standard they are promising you! 

Like you said, one needs to be able to find deals, know that they have found a deal, have the skills to develop leads and lead sources, be able to negotiate the deal when found, communicate well with others.Often deals start out as opportunities. 

Poor communication, long delays, big mistake.

Hi,I have a 4 unit rental building in St.Louis, Mo.

Can anyone recommend a design build company that would handle any zoning needs with the city, as well as complete the construction and leave it rent-ready for me? 

If looking for stability, I would look at buildings built in the 1980s or newer, ideally townhome style instead of apartment style if a 4-plex, minimum 2 bedroom units.LEARNING RESOURCESI am going to try to keep up my blog here on Bigger Pockets specifically with 2-4 family units in mind.

I currently have an apartment building under contract that's in Canton,PA and I have been looking for lenders.