Quote from @Joe Homs: @Noah Condon I would suggest you learn about hard money financing, unless you have unlimited cash. 

Trust me, I've toyed with the idea.Vacant land where it makes sense to build large MFH stock might make sense, but chances are this isn't the land we're talking about here.The reality is most vacant land in Detroit is being repurposed for parks, the Joe Luis Greenway, solar farms, neighborhood gardens, etc.Beyond that, let's say you plan to hold long enough for SFH prices to get high enough where it does make sense to build. 

As for the median American in my age group, yes I'm way beyond that and I attribute that success to the following:- Willing to delay gratification on a regular basis- Willing to do jobs no one else wants to do- Willing to work long hours for results (a strong work ethic)- Willing to take calculated but high upside/low downside risks- Willing to allow the "fruits of my labor" to be returned to the business instead of paying for a lavish lifestyle- A strong commitment to these principles by my spouse- A strong run of being healthy enough to work to produce excess profits- The fortuitous grace of being born and growing up in the United States, where opportunities for financial success are everywhere and accessible to anyone- A splash of luck at being in the "right place at the right time"

Combine the pressure on returns with a significant portion of the labor force leaving certain industries during the pandemic and not returning and you've got massive upward pressure on prices. 

Having sold over $200 Million worth of this stuff I can say without the slightest doubt that, that's the more accurate predictor of performance than what some Joe DIY did or didn't do.It's not really as complicated as you guys may think.You've got your gross income folks.

Hi all, just curious, what is a reasonable cost for replacing both an exterior door and storm door plus labor?

@Joe S.

Contact Joe Holt.http://www.ulysystemstech.com/jholtlaw/

If you really wanted to go there, you could even charge them for the labor if you had your own people install it. 

Agree with Joe Chirdon - Harrisburg, New Cumberland, Lemoyne and Enola are affordable.