Obviously I'm going to run this business ethically and will not be doing anything illegal but I don't want to leave any loopholes for anyone (attorney or otherwise) to take advantage of.

I have already taken a lot of advantage of the forums, podcasts, and have already requested several colleague requests that I hope will help my husband and I to begin networking!

The question is are there advantages to constructing new sfr's to rent vs. buying existing ones?

Its also a huge advantage that I live right in this neighborhood.

@Jesse Rolla Over the last year or so I have seen many rehabbers add a master suite with about 600-1000 new sq ft in LA it takes about twice as long to accomplish this but I think its a good idea in higher end areas because it distinguishes you from the competition and you can be more competitive when making an offer on a say a 2+1 with 900 sq ft

My family, Uncle Included, want to take advantage of this equity to invest in real estate.

I started on the short sale/reo side of the business too as an agent, I feel like I have an advantage sometimes after working the agent end of alot of those deals.

My advice is limited to knowing your competition.

Perhaps it's something that can be bid competitively to increase return.Paying a commercial general contractor and HVAC tech to tour the property with you would be money well spent.

You will learn over time the value of great customer service to that tenant and how to provide it without letting them take advantage of you.All of that applies whether you physically manage the properties yourself, hire an outside property management firm or hire your own property manager(s).