<prompt> Human: So when I finish college and get a job instead of moving into an apartment throughout my twenties, I thought of buying a 10,000 square foot plot of land and building a small, 1 bedroom 1 bathroom house. floor planWhat are the downsides to this if any?Id probably be putting up this property for very cheap. I would be doing all the labor with help from my uncle who builds homes is a licensed contractor, Id probably have to hire someone for plumbing, Im putting a gas fire place in the house so heating shouldnt be an issueWhat are the downsides to this? I could even flip the house within about 3-4 years for a lot of profit  <response>: Where are you going to get the money to build this house? Do you have a huge chunk of money already? Many banks offer construction mortgages, but I doubt someone who has just graduated college and started their first job is going to qualify for one. Even if you plan on doing some of the work yourself building a house comes with quite a few expenses, which have to be paid outright. You will have to have someone dig the basement, pull power, dig a well or pull water, pull natural gas, put in a septic system or hook you up to the sewer main, and none of that is cheap. Even if you do the rest of the work yourself you have to have proper permits and inspections. Are you going to be paying your uncle? How much work is he really going to do for free? And most importantly where are you going to live while constructing this house? Having a house built doesnt happen overnight, especially not when you plan on doing most of the work yourself.It sounds like a great dream, but theres a reason why people rent apartments instead of trying to build themselves houses right out of college. 