Hi Tom, a few items on your journey to possibly purchase the building.

You will need to insure the building improvements and you will want general liability coverage.

You'll also need to start building a credit history. 

What will be displaced when they build - does it need to be replaced?

As soon as I was, things changed quickly in finding deals, bringing people together, and creating investing opportunities.I wish you all the best…and hope you’ll find greater value and camaraderie in this community. 

As far as long term, building up a portfolio of cash flowing assets is an excellent path to financial freedom.

I recommend a boring long term rental, 1980 or later build, in a good area. 

Question for the Forum: Has anyone found success with Build to Rent or build to sale from ground up construction of Single Family homes anywhere?

I tend to prefer nicer areas for the house hacks because the difference in down payment between a $100k building really isn't that much from a $400k building when you are only putting 3-5% down.

I started listening to BP podcasts while working on the project, and have since devoured material in every form as I changed from fixing up a house - to building a real estate business.