Build or buy 1st rental

[Harry Steele]

I want to get to started in renting properties. I'm curious in if I should build a rental property or purchase one.

I inherited an acre wooded lot that a home could be built on. The requirements to build are a 1700 sqft min with an attached 2 car garage.

Before I went through the process of hiring a contractor to evaluate and price out, acquire drawings and talk with the building department. I wanted to know if building a rental was worth it.

[James De Stefano]

I would recommend to REALLY do your homework on New builds. 

PROS:   very customizable, brand NEW and FRESH everything,  control

CONS:     fees, permits, fees,  time table could be 9 months+ ( I don't really know, do the research) extra fees,  and maybe some more fees

Good luck , and I hope to learn much more as well.  Long term goal of mine