If you're a person who likes to overcome challenges, create and manage projects, building could be for you.I personally go into each project looking to build it out, yet many times I've decided to simply just sell the property and move on the next project.   

While prices have definitely moved significantly higher in the last 5 years you can still be all-in (purchase + rehab) for $75k-$95k on a decent C/C+ rental that will appraise for $85k-$110k.It's a great market to BRRRR if you'r working with a team that understands what they're doing.

Just moved into our place today and this will be a busy weekend, but maybe late next week.

<insert fuming face here> I said I would think about how to move it with no intention on moving it at all.

we have until spring of 2025 until our balloon loan either has to be refinanced or paid off (we got this loan because we intended to build, of course) and now i feel like it's a ticking time bomb.we conducted "clean and satisfactory" (no issues whatsoever to build) soil and foundation tests and provided those to every buyer. it seemed (not quite sure here) like they backed out once they reviewed the tests - yet there is nothing negative in them. we will not be providing these tests moving forward (as we had to do them ourselves and feel that each buyer should do their due diligence moving forward!)

Hey Cédric, totally can relate with you being from an expensive real estate market - I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

The method has many moving parts.

Id like to take it out but if I do they would have to move as they now use it daily to access the upstairs. 

The last 3 properties I bought were actually in almost move in ready condition.

The biggest question you have to answer before you dive right in is how you can compete in the marketplace.