New construction offers a unique blend of potential high returns and control over the investment, making it an attractive option for those looking to diversify their portfolios.The Advantages of New Construction InvestmentCustomization and Control: New construction projects offer investors the chance to tailor properties to meet current market demands, ensuring higher occupancy rates and returns.Energy Efficiency and Sustainability: Modern constructions come with the latest in energy-saving technologies and sustainable materials, appealing to a growing eco-conscious tenant base.Lower Maintenance Costs: With everything brand new, the initial years following a new construction project see significantly lower maintenance costs compared to older properties.Tax Incentives: Many regions offer tax benefits for new construction projects, especially those that meet certain environmental or economic development criteria.How to Approach New Construction InvestmentEmulating Buffett's investment strategy involves careful market research, understanding local real estate dynamics, and potentially partnering with experienced developers.

I would highly recommend full background checks and ensure you understand the tenant/landlord laws in regards to approving and denying applications.  

However in the past I've done the majority of the physical labor on the jobs, and have grown weary of this part of the process, I've tried hiring contractors but pricing seems so high it's hard to make deals work, so my question is where do you find people to hire full time for general work like drywall, flooring, painting, etc.....

Investment decisions are highly dependent on each individual's assessment factors, period of time assessed, investment financing, etc.My current ROI is far far greater now than when first purchased. 

The upstairs master suite features two large walk-in closets.The roof is 10 years old, A/C unit and water heater 7.

Have been studying and searching for deals in other markets.Prices are too high in Long Island to start investing on our first deal.Does anyone have any experience investing in markets near NYC?

The capital gains was not too high a price to pay to have the option to do more things with my money.

@Chris Wilburn,I think rents are staying high due to lack of inventory.

So yes, it highly depends on your investing strategy.

My thinking tends to be finding underutilized properties in high demand STR markets.