Yeah, I wanted my first property to be fairly turnkey mainly to learn some of the processes, build connections with local contractors, and mainly build confidence/momentum for future deals.

The play would be to wait a year and a day, demo the property, build a small box, spec home, and sell to an FHA buyer.

Perhaps a poor way to communicate it to those who arent aware of LSU but it's the best I way I can simply explain it.  

Make sure the space meets local building codes and safety standards.Market Research: Research rental prices in your area to determine how much you can charge for the basement apartment.

New construction around here starts between 500-700k, but nobody builds in Milwaukee proper, its all in the suburbs.

I've been too busy rehabbing my 3 unit apartment building to really focus on anything else.But nonetheless, I have been keeping up with my less-than-professional deal pipeline.My first question regarding this involves raising capital to invest in deals.

I assume no buyer’s will use realtors on new builds?

Build your own spreadsheets, do comparisons until you're blue in the face, walk neighborhoods until you're crippled.

Big builders will build in tons to the price of the house to offer "closing cost concessions" or buy downs.

I wanted to share some of the cost effective ways I know of to buy building materials for your BRRR or rental. * I have a lot of luck with Facebook Marketplace.