Direct Profit = X / Land Cost + Hard Cost + Soft Cost (the only variable is the amount of profit in dollars and cents). - Land Costs = $1,100,000- Hard Costs = $3,486,000 ($120 PSF)- Soft Costs = $600,000 (approximately) ($20 PSF)TOTAL = $5,186,000 * 24% = $1,296,500 or $129,650 per house. 

And yes there are apps that integrate to make your life easy. for eg Bill and Pay for recurring rent, email invoices, portal for tenants ACH or credit card payment.Here is what you can accomplish after you have written your instructions you should be able to pull up reports by owners, property, units, tenants, vendors, employees, hard and soft money loans, including constructions... and anything you enter and more. -- chart of accounts is just the starting point-- rent roll-- tenant - invoice, statement, payments, credits, recurring rent - advance-- security deposits -- work orders - completed, tenant's call, --lease expiration -- email's - has also a mini CRM build in--as to owners - summary and detail, reserve funds, -- Get reports for everything you enter... create pdf or export to excel .

Give yourself a place to retreat to when the day is over: finished bedroom and bathroom, usable kitchen.Buy a shop vac, soft bristle broom, a dustpan, and a big trash can, and sweep your living-area and path at night.  

It's about as accurate as you can try to get for soft numbers like this. 

I have pulled sold comps and given those to appraisers, but the truth is your soft close super nice cabinets that you paid a premium to have installed do not really add a huge value to the house.

We have a local supplier who provides a couple of lines of cabinets (made offshore) which have plywood boxes and soft closers at a very reasonable price.  

Site improvements, utility service, permitting and other similar soft costs add more.

After gathering this information, you determine your max land cost as follows:Completed market valueLess: construction costsLess: soft costsLess: desired profit= Max Land ValueAs a note, construction lenders will usually lend up to 65-75% of completed market value.

Soft surfaces are fine for good tenants but my philosophy has always been to over-protect everything if it's going to be a rental.  

I am not sure I can charge more (but maybe) but am sure there will be soft benefits like it being easier to rent...