You have no flexibility when it comes to exit strategies with only one building/project.They both have advantages and drawbacks.

We don't have funding, but are trying to build and save for this.

Jesse,Vegas is booming right now with buyers leaving California and with all of the new builds that are popping up every day.

Forced Apperception (BRRRR or buying at a discount) allows me to build in equity from the beginning of the investment in case I need to fire sale the property for an unforeseeable reason.Debt-Paydown and Tax-Benefits are just a result of owning real estate and can be more-or-less predicted over a time period.

I have been most attracted to the idea of buying undeveloped land and building a 1-2 bedroom cabin on it to turn into the STR.

If we can't find phone for apartment complex we use Google Streetview as most have phone on a building sign.

Investment Info:

Condo buy & hold investment.

Purchase price: $307,000

Cash invested: $77,000

Nice condo with beautiful wood ceiling and a 22 sqm deck in the heart of Philadelphia!

What ...

I need to draw up plans, get a site survey and do some other build up.

When you're dealing with new construction Build 2 rent properties the insurance is much lower! 

Now build or ask for help developing a plan from A to B.