The good thing on new home is capex is very small, so easier to calculate accurately cash flow.What drives appreciation is general market, the amount of new constructions coming to market and general demand x supply factors.

That’s probably just a blip in the radar and hopefully the supply chain is healthier this year.

It's one of the safer places to invest in the entire country when you consider the low supply / high demand, lack of areas to build, and exploding economy.

We currently have around 3 months supply of homes nationwide and around a 2.7 month supply in Houston TX.

I have an empty shipping container in the back parking area, a 15X15 storage room w/ a boiler and some misc supplies, and an unused "office" perhaps 5x20.   

Couple that with business growth and development from Amazon, ABC Supply CO., Dollar General and many tech and medical companies, this market is on the up and up.

The sellers supplied a summary of the financial info (revenue and expenses), However i havent received the actual accounting financials , leases, and rent roll from the sellers yet. 

Even people's grandmothers are thinking about it so it's not that there is a shortage, it's just that demand it too high for the supply.

Good contractors DO go to box stores, especially in CNY, Upstate, and the Adirondacks, where options and supply chains are less than metro areas.

They had hot water supplies running to toilets, leaking pex/copper connections, and flooding in the ceiling of the lower unit which all needed repair.