I'd talk to your broker on what it'll sell for after the fact and where the market is heading over the time you plan to own it. 

Very solid market, been investing there over 10 yrs and the rents continue to climb! 

I've never heard of Kin, but I too am in the market for short term rental insurance.

Look for motivated sellers off market and market via cold calling and or direct mail, geofencing, advertising and the like.A good wholesaler is as @Ericka Parrott mentioned, direct to seller, did good underwriting and can deliver an actual "Deal" whether buy and hold or flip. 

If I were you, then I would get the pieces ready, but seek off market/on market projects that make sense for you.

Quote from @Devin James: Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball build larger homes. average new build in our market is 2200 square feet, 4 beds, 3 baths, 2 car garage and sells for 515k. construction costs lower if design is good and find the median or average home sale price and push that up. my guess is you built too small. 347k is cheap. we target 429-479k price range in columbus ohio for single family homes and also only purchase close to urban core where premiums are 20% higher and we build smaller like 1500 sq ft where price per square foot goes up. 

What market are you referencing?

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Record-breaking high prices in the upper end of the market skewing the entire market upward?

Hello @Daniel Summer,The Memphis market has a solid MHA/Sec 8 rental.