Anything smaller may not attract larger investors or offer the economies of scale needed for profitability.Design Style: BTR developments often consist of attached townhomes, usually with features like garages and a more upscale design to appeal to renters looking for something between an apartment and a single-family home.Location Factors: The success of your development depends heavily on location.

This is an old thread and I don't have an opinion on Rent Hero (except that maybe this business name feels a little dated and pigeon holes them)For tracking receipts Real Estate Investors often think they need physical receipts for every single tax deduction.

@Tj Collins You can 1031 exchange in and out of any state, you can 1031 exchange in and out of any investment real estate - farm land, apartments, commercial, single family investments, new construction etc...The big things are timing on the 45 day window, 3 property rule and closing in a certain amount of time.

My focus is on purchasing a single-family home to set up a lake house or cabin to own and self manage from my home in Bergen County, NJ.

We currently have 7 doors 5 properties with a mix of single family homes and duplexes.

The Numbers:We specialize in single-family rental homes in the $160-250k range, with an average price of $170k-$190k.

Every single cabin I build is a deal I'm going to add 150k or more in equity (I've done a couple of larger ones that have 200k to 300k in equity) and anywhere from 5k to 10k a year in net profit by year 2. 

Simple furnishings bought used, a single bed, and dresser. 

It will cause you to lose money every single time.

How would you structure this deal to make it work for a single family home build?