There's still plenty of opportunity around here for those willing to be creative, but super challenging and lots of competition for what opportunities do exist.

Lots of water damage, super ugly, terrible floor plan, junk from previous tenants everywhere.

Here are some of the pros and cons that I see:Pros:Property management costs would be lower over the life of ownership due to proximity of homes in portfolio, low maintenance flooring, siding, etc.You could build them with more robust systems(HVAC, plumbing, etc) knowing they would always house rentersYour portfolio would be concentrated as opposed to spread all over a geographical areaYour exit strategy would be super attractive if you were to sell as a packageQuicker than purchasing and potentially rehabbing an older property, and accumulating them one by oneYou could sell a percentage of them to recoup a portion of your investment, and rent the rest, which should put you with solid equity from the gateCons:Entry costs and length of time from start to first months rental income for constructionFunding the construction, or finding the right lender to fund such a property/developmentKnowing the correct price point of the finished product, or what the community is lackingLocal zoning or possibly being prohibited to build SFH to rentHigher construction costs vs. multifamily(apartments or townhomes)I know there are many other strategies out there, but as one wanting to accumulate a nice rental portfolio, this seems to be a solid approach.

We banged into it on several occasions and so requested the Super of thebuilding to take it down.

This is super helpful stuff!

Super helpful!

I'm an old fart -- over 60👍We could see some slow down, but I personally don't see a big hit on R/E.Maybe in a few super heated markets.The 80's had high interest rates, these past 10 years -- low rates.

If you're not looking at something super high end I don't think I would replace the shower and vanity assuming they aren't damaged in some way and they don't clash with your plans.

Oh, and if anyone has any recommendations for hard money lenders that they've worked with in the past that would also be super helpful :) thanks a ton!

Ground is super hard.