I currently have about 10k in the bank remaining and adding to that account slowly from my wife's job and rental income.I started to apply to jobs as an assistant construction manager and now considering starting a company to do property management.

I also noticed that the front/back porch and enclosed garage were appraised at $29sq/ft ( considering everything was build as a part of the house by the same construction builder it doesn’t make sense to me) Also: my house was built in 2010 and comparables were 2009-2013 range!

The cable guy, cabbie, plumber, inspector are realtors.

After the inspection, the inspector found several items that needed immediate attention like drain pipe in crawl space was disconnected from house, new AC units were needed and a few more items that the seller actually agreed to repairing before closing.

These are risks that the investor takes on when they purchase the property, and even the most thorough inspectors will miss things like this.Extras are a killer.

But other than a lack of knowledge of how to properly construct a buyer broker relationship that protects both parties, he really hasn't done anything scammy. 

lots of new construction in the area. houses going up left and right. should I buy a new construct or look for an old duplex or condo to rent out?

Look for 16% Cap Rate deals or better...the last deal I did started off as a 22% cap rate ended up being 14% after construction overruns, but I think they are still happy with 14% cap rate, and we refinanced all their cash out of the deal so end of day no one has personal cash in this deal.On a personal note you might not want to "lay in bed" with anyone you don't know ;)

First is quality of construction.

An accessory dwelling unit that is constructed above a garage must maintain a minimum 5-foot setback.4.