Build on empty lot or purchase for rehab

[Anthony Salamone]

Hello all,

I would like some input here. I’m tossing around the idea of either rehabbing and hold for long term rent OR finding an empty lot and building a simple 3B 2 Ba for long term hold. Has anyone considered the same? In my opinion the cost of an existing structure and the rehab cost are phenomenal - might be more profitable for a simple house with rental quality materials?