Add into the equation the cost of materials and it makes sense that builders are finding ways to cut overall build costs and one of those ways is to buy land cheaper. 

Reminds me of a saying my friend always says when a deal fall through, "It's just a house, they build em everyday."

Check those two lists against all of the lists and articles you have been reading to see where the closest crossover is.That is how you find a competitive advantage.If you build an out-of-state funnel with everyone you just met, you will not have a competitive advantage.Number 1 above gives you a personal, geographic advantage.

It’s a 3000 sf 5 bed 3.5 bath new build (2022) with really nice finishes. 

You’re building up an asset that you can use for buying other assets.I use this strategy with business owners quite a bit who’ve maxed out their retirement accounts.Leverage, leverage, leverage!

I would also recommend building relationships with investors and RE Agents.

Let's explore some effective approaches for managing investment properties:With a Property Manager:Screening and Selecting Tenants: Entrust your property manager to handle tenant screening, background checks, and selection, ensuring reliable renters for your investment.Rent Collection: Property managers can ensure timely rent collection and handle any late payments or lease violations professionally.Maintenance and Repairs: Delegate routine maintenance tasks and repairs to your property manager, who can coordinate with contractors and vendors to keep your property in top condition.Tenant Relations: Property managers serve as the primary point of contact for tenants, addressing their concerns and ensuring a positive rental experience.Lease Enforcement and Evictions: Trust your property manager to enforce lease terms and handle the eviction process if necessary, following legal procedures.Financial Management: Property managers can handle financial tasks such as budgeting, accounting, and financial reporting, providing you with regular updates on property performance.Without a Property Manager:Self-Management: Take on the responsibility of managing the property yourself, handling tasks such as advertising vacancies, screening tenants, and collecting rent.Outsourcing Specific Tasks: While not hiring a full-time property manager, consider outsourcing tasks like maintenance and repairs to trusted contractors or service providers.Utilizing Technology: Leverage property management software and online platforms to streamline processes such as rent collection, lease management, and maintenance requests.Establishing Clear Policies: Set clear policies and procedures for tenants regarding rent payments, maintenance requests, and lease terms to minimize conflicts and misunderstandings.Regular Inspections: Conduct regular inspections of the property to identify maintenance issues or lease violations early on and address them promptly.Building Relationships: Maintain open communication and positive relationships with tenants to foster a sense of community and encourage better care of the property.Whether you choose to hire a property manager or manage the property yourself, effective communication, attention to detail, and a proactive approach to property management are key to maximizing returns and maintaining the value of your investment.

You are going to be very bored when you retire young so start building your REI portfolio so you can travel and visit your properties and continue to build your portfolio and future wealth through passive income.

Sure, some wealth is created by saving taxes... but building wealth is priority #1.

I was thinking of selling, then buying a property to build on, while investing else where, but Im just wanting to get opinions from what other people think of the situation and how it compares to the whole market entirely.