New Duplex Build 1st Investment Property

[Donny Sikes]

How bad an idea is building for your first investment property? 200K down on 400K new build duplex. We built our residence in 2008 and man I should've built 5 then! LOL. Gave that context as I have that as experience to guide me this time. I also own a 140 acre farm that has moved from paying for itself to positive cashflow. I'm actually ELOC loan for the 200K down payment. Build site is a block down from my house, so I'm planning to manage myself. Even with 200K down on a 15 year fixed, It's barely $160/month cashflow positive. Putting that much down gets my DSCR about to where I need it. Banking an 11% vacancy since there are only 2 doors. Big thoughts are I'm 43 and can retire from my W2 career (Middle school principal) in 10 years, and I want my investments ready and waiting on me then. Thanks in advance for your thoughts!