It goes to your preference, of course, but whichever can produce the greatest ROI should be considered.There are many markets in Michigan, for example, where it is cheaper to buy an existing house and fix it up than it is to build new.That may not be the case where you are at or through the construction suppliers and contractors you may have access to.To Your Success!

Generally I'm seeing anywhere from $25 - $40/Sf in TIA in different markets around the country. 

- Find ways to provide real value: Whether it’s market insights, deal structuring ideas, or even helping investors improve cash flow, being a problem-solver makes you stand out

The house hadn't been on the market long. 

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

We manage several hundred rental properties throughout the San Diego market and I found your post very interesting. 

Have you had an appraisal done recently, or do you have comps to estimate the property's market value?

The price we thought was very reasonable in this current market based off the other properties we have seen prior to that with similar layouts. 

Rented at $3,215 to a Section 8 Long-Term Tenant instead of a Long-Term Market Tenants for $2,400.

@Linda PhamAll our midterm rentals are in Colorado as are our clients, so I don't know Houston's market.