You want to buy real estate with no savings, which even if you can scrape together a 10-20% down payment, means you will have no cushion to fall back on when the inevitable surprise expense happens. 

@Mike Levene cost to build per square foot is $200-$300 depending on finishes.So, you can start with that.

RegardsGokhanDid you do a cost segregation study last year? 

Things that would be helpful to know: how much are your holding costs? 

And that depends on how you view the costs. 

It is going to cost more than you expect, and you'll have that "Oh, crap!

Let's say it's $100 a month and the cost to install a fence is $3,000.

I've got a proper manager as I'm out of state, but as I've got only this property, I have no other reference point.

.📜 Know the rules – No "deal-making" in the forums (that means no advertising, pitching services, or looking for partners).

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.