Here are some steps to get started:Market Research: Identify areas with strong growth potential, low vacancy rates, and high rental demand.Financial Analysis: Evaluate the cost of construction, potential returns, and your financing options.Legal Considerations: Understand the zoning laws, building codes, and permits required for new construction in your chosen area.Sustainability: Consider incorporating green building practices to increase the property's appeal and long-term value.The Bottom LineWarren Buffett's investment in new construction underscores a broader trend in seeking alternative avenues for growth and diversification.

A contractors license to service appliances is not required so labor is a lot cheaper.

That's the one thing all the HGTV flipping shows get right - everyone we've ever seen has a renovation surprise that either increases the budget or requires cutting back elsewhere to keep the budget.Contact us if we can assist with anything. 

These loans almost always require a personal guarantee.

I say generally because not all lenders are the same and some do have a minimum interest requirement.3.

get rid of him. send him whatever timely notice is required, that his lease is ending and he'll be moving out.

Quote from @Renande Emile: Try to negotiate with the bank that finance the house So in the end you paid the morgage balance?

I've found luck obtaining information/licensing requirements first on the county's website under zoning, and then reaching out to the specific town/city and verifying any further requirements they may have over the county's.

You can find a company that doesn't have a high spend/volume requirement and flexible pricing options based on your needs.

Some mortgage lenders and local regulations may require you to have landlord insurance once you convert your property into a full rental.