We built a single family home version of a 2 bed 1 bath with surface parking at cost with no profit all in with land for 175k in newark ohio, a suburb of columbus ohio. when we push that to 3 units and closer to the city for our build to rent model the numbers go way better. a 30k slab for a single family home is 30k, a 30k slab for a triplex is 10k a door. we designed a 2 bed 1 bath design at 668 sq ft and it's very good layout even I would live there, but I would never build anything that small again. there's no economies of scale. you need density and shared lines, resources, shared roof shared slab, shared windows, etc the cost goes way down.

I don't have much advice as now the profits are gone and it seems like the best thing to do is to get your money out the deal and move on.  

Can you share the websites you use and other ways of finding properties to buy?

DENVER — Rent costs in the Denver-metro area recorded the largest monthly decline in the nation in January, according to Zillow’s monthly rental report.Denver was one of 11 major metro areas where monthly rental rates fell, leading the way at a 0.4% decline in January rent costs, the report shows.

Not the best scenario but installing new systems can mount cost quickly. 

If you have an actual lending strategy then different loans will serve your overall portfolio goals in different ways.

So far, the best deal I have been able to find is 5% down with no PMI (80% from Fannie and another 15% from a second lender).

Your best bet is trying to bring on a capital partner.

Best of luck on your first flip!

What are some ways I can verify that tenants are protected throughout the entire lease?