I am self employed but want to build a spec home using the equity in my house as collateral.

I’d appreciate your perspectives.Here are the details about our current home:3/2 Class A property in a middle-America town with historically ~1% annual appreciation.Purchased in 2020 for $200,000 at a 3% 30-year fixed rate.Remaining mortgage: $150,000.Estimated value: $270,000 (based on recent sales).After selling costs: Likely $100,000 in net proceeds.Rental potential: $2,000–$2,300/month.PITI: $1,200/month ($700 mortgage + ~$500 insurance/taxes).Maintenance/CapEx/Vacancy (20%): ~$400/month.If kept as a rental:Net cash flow (self-managed): ~$500/month or ~$300/month with property management.Low appreciation potential but ~$400/month in principal paydown.Considerations:What’s the additional overhead of managing a second rental property remotely (3 hours away)?

Self-driving cars are potentially amazing, but they need to capture a lot of nuance and complexities.

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

Sounds like this could possibly be a Schedule C activity so keep self employment tax in mind.

Live in an area for 2-3 years, self-manage the property, and then relocate again, passing the baton to a property manager.I’d love to hear advice on any of these markets for making this approach a success!

Industrial buyers probably didn’t like it because they didn’t want MHP and self storage and vice versa.  

I am currently self employed as a GC with my own company: Carolina Premier Homes.

My first self-developed software gave me efficiency.  

Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.