.-- This demand collides with the under-building of new homes that happened after the 2007-2008 recession.So ... unfortunately, if you're sitting on the sidelines waiting for prices to come down, you're gonna have to wait awhile. 

Ex: Property Price - 1 million (Land: 200k + Building: 800k)Can I claim 800k * 60% = 480k as bonus depreciation in 2024? 

Get a great PM by verifying the required things, pay them appropriately and then trust the systems in place but always verify as things move.If anyone truly wants to grow a business, they learn how to build a team and let go.   

Currently 2 unit property, and working on building another ADU with a twist ;) What made you interested in investing in this type of deal?

I hope my abilities will serve me right with real estate investments.I am interested in buy and hold or fix & flip deals of SFH up to $250K.I would be happy to get some tips and start building connections and a local team.I appreciate your help,Chen

I want to start slow and build from there.

I have some land in the Phoenix metro and am considering building 4 units to sell.

@Jared GerkeYep, what @Nicholas L. said.Easiest way to build up is to start early, house hack and not overthink it.

The road is not in, the water main not installed, the sewer main and laterals not installed, etc.Just having the engineering done, and the plan approved, adds significant value to the land, and makes it attractive to a developer who now, doesn't have to go through all that work. while in todays day and age yo would need all those approvals to create a paper lot.. back in the olden days paper lots were created by simply drawing them on a map with zero engineering they did survey though.. and there was no thought given to reality of actually building them or providing services.. 

The property I purchased is unique and they are not building properties with lot sizes and features like it in the area so it stands out.