In going back to the original post, I see he has been in construction before. having said that, doesn't mean one "should" do the actual construction themselves. There are all the issues posted here, but in addition unless you have a current crew that you are working with, you'll be better served to play a GC's role as apposed to assembling a work force. The work will most likely get done quicker and you can do more than one at a time and make your money on bulk instead of one at a time. If your property values have come up, there may be a much bigger spread and would be well worth building instead of buying, but again, we don't know enough about the situation to definitively answer the question you pose.

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