The build cost is $400,000.

This can lead to non-compliance with building codes, resulting in future legal and financial problems for the buyer.4.

This is largely based on experience so you can shoot for the moon, but be prepared to settle on what works with your strategy.Once you have done one, now you are building experience... and then you can move forward and hopefully with better terms.

Renting it out to build long-term wealth? 

Preserved for future generations as a way for the average income earner to build wealth over time and provide a clean, safe place to live for other people.We need more units constructed.

Use an inspector to perform a building inspection that checks all of the components of the home including the electric, plumbing, foundation, windows, roof, hvac, water heater and other appliances.6.

Or is that a common practice among trusted contractors and investors? 

Hello, I am currently in the beginning stages of building my first SS facility.  

I got into this as a long-term investment, with the hopes of my expenses being covered while I live rent free and watch my equity build over time.

Otherwise, it's just panhandling, "I have nothing to offer but will you help me buy an apartment building?"