We plan to stay in the new primary residence for a long time because we love the location, the neighborhood, and the land.

I was chatting with some of my lending buddies at big banks and they are all backing away from the CRE space including office because operating costs are increasing more quickly than rents.

@Jason SinclairWhat do other homes in the neighborhood have that you would be selling or renting competition? 

Investment Info:Small multi-family (2-4 units) other investment. 31 duplex development located on the East side of San Antonio.

- Run your numbers (including all operating costs including property mgmt) based on current rents in AS IS condition and renovated.

They use the rent payments to offset the debt if I have rented the properties for a couple of years.

Let's assume your expenses (mortgage, taxes, insurance, maintenance, vacancy, etc.) comes to a clean $600 and the property rents for $1,000.

What we found was only one other person contracted under $200 per square foot for clients and they also built within the city of columbus. the numbers have a much higher premium the closer you get to downtown. if you can't get the numbers to work my recommendation would be to get closer to downtown. we do build to rent development and single family home development and every line item is broken out. on the triples we have to build exterior staircases etc there are some things you can't really understand unless you build a lot. hope that helps but no one is going to build you for 110 a square foot. the lowest cost homes in our market at cost without a profit barely dip into 140 a square and we are in one of the cheapest construction markets and states in the country. 

I understood that rent prices are decreasing.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.