I like that range per sqft...

With over 15 years in the industry, I’ve had the opportunity to work on a range of projects, from residential redevelopments to mixed-use acquisitions across Texas.Today, I noticed some news about the ongoing expansion of Tesla’s gigafactory (https://www.bizjournals.com/austin/news/2024/10/28/tesla-gig...) here in Austin—an impressive 10 million square feet!

These properties are in a smaller town (Crestline) but within an hour of Big Bear in the same mountain range. 

All were bought with 20% down and the houses (aside from one) were over $200K which was at the price range for where I bought.

What set up costs are there and what's a typical price range for them?

The group home is all girls ranging age 13-18years old.

The max LTV available will range from 75-80%.

I’ve also looked into 400-450K price range with 4 bedrooms with a cheaper mortgage, but also a lower cash flow, or just breaking even.

I would identify a RANGE of comparable rent values.

@Austin Styer along with @Wale Lawal's comments, I would focus on flipping a home that will end up in the median price range for a neighborhood, and not creating the Trophy home for a community.