Has anyone else started making the jump form renovating houses to building them new?

Long story short is that my tenant apparently had some friends that stole from a local corner store and were hiding out in my building.

I own a building with another LLC as Tenants in Common.

Lacking the capital and building experience to develop it ourselves, we want to offer the backyard as a "Developer Special" on the MLS.We’d rather not risk demolishing our home at the front of the lot.

A common way to build a portfolio quickly is to use creative, out of the ordinary, purchasing techniques.

I have found all my current flips on the MLS and want to start building a system for deal flow in order to grow.

the other option i have is build a 3 car garage and out a one bedroom apartment on top that ill rent for about $1500 a month.The garage price would be about 100k to fo but could make 18k a year.The land is $130kWhat do you all think is the better strategy?

For beginners, I'd suggest staying out of that type of debt initially.You're leaving out a lot of valuable information. 

Background info: A tornado came through about a year ago and tore up the carports for a rental property of mine in Iowa (I own one unit in the 12-plex).While the carports have been rebuilt, the HOA's building insurance is coming up for annual renewal with a VERY steep price tag.

(ABOUT 0.9% of the building’s value per year owned.).