I said I would be buying a 2-4 unit building not building a property.

My goal in the long term is build up enough equity/extra income to retire at 50.

I've started working with a builder locally on our first Development/Build Project.

Steve, the question should be more along the lines of whether you want to build a retirement fund vs try to bring in passive income now.

You will likely need to upgrade the water service to the building as well.

You are betting on them to build the condos to the standard they are promising you! 

Hey BP Community,I’m fairly new to the real estate world but would like to jump in and get a head start on building wealth for an early retirement.I’m currently in my early 20’s and I’m interested in house hacking with my partner by the end of the year as a first step in investing.So far this year I have been working on building up my financial literacy and some knowledge on real estate through books and the BP podcasts.

I chose to build my PM business from ground.To create a working system and to organize processes is difficult in the beginning, but to my experience it is possible to create a working model based on personal knowledges and then to provide a high level of service to the clients.

Hi,I have a 4 unit rental building in St.Louis, Mo.

Is it as simple as: "most houses in the area sell/appraise for X, figure out how to build a house for X-20%" and there's your 20% immediate equity in a new build?