Empty buildings, not much to get excited about.

I am from out of state so wanted less maintenance in the short term while I build my portfolio and grow to the point where I am comfortable hiring a manager!   

@Ella Marie the Pro's are you can build long term wealth, the Cons are you can lose money if you cannot properly quantify risk.

Your agent should be able to help with your deal analysis, consulting on whether a deal is good/bad, learning neighborhoods, estimating renovations, building your team, etc.

If you are trying to build your portfolio faster I'd probably go with the second scenario.

got out of flipping to new construction in our market in columbus ohio. licensed general contractor. when interest rates got high single family existing went down by 30% new builds sold at a 6% increase that year which demonstrated the desire and premium that new construction commands. never looking back. total control, rinse and repeat. we can get permits in 28 days. we can buy land cash in 21 days. we can build in 120 days to 140 days and keep moving. super scalable and easy and no risk. we build the same 2-3 Floorplans 

You should be able to build an entirely new deck with concrete footing for less. 

“Texas is the birthplace of the chip that changed the world—and where the future of America’s semiconductor industry is already building.

As important a consideration is how will you reinvest/spend the proceeds from the sale to build wealth.Hope this helps.

I have from time to time spoken with the city administrator, economic developer, & a person at building planning commission.