Any New Construction Builders in Here?

[Brendan Lawrence]

Hey everyone!

I'm curious how many of you on here are building your own rentals.  I'm a GC, and I know MY basic rates (been at it for 18 years), but venturing out into the financials of an entire build start to finish are a new realm to me.  Don't get me wrong....I can build (and do build) entire houses start to finish.  But 70% of the work is being done in-house. Its great for me, but its also my biggest weakness.  Excavation, foundation, framing, exteriors, floors, kitchens/baths, drywall, roofing, trim outs.....I tend to be the one doing all of it.  I'll form close relationships with my customers and end up in hourly contracts.  Its very common for me to get hired for something early in the game and then I end up finishing the rest of the house.  Its set me up to be oblivious to the majority of the costs that other companies are charging.

I'm finishing up 2 houses right now (3 story start to finish builds) and I'm pursuing building for myself next.  I'll be involved with the build but I need to get realistic new build numbers going.  

If you've been building new rentals, have you experienced an average price per square foot to build? I'm leaning towards a duplex, about 1200sf each side with double car garages. Or, I'm not against SFH. I'd be curious to hear your thoughts on both options.

Anything is greatly appreciated.  Thanks everyone!

Brendan