That said, that’s a perfectly fine budget if you’re willing to venture a little beyond the city limits.

Natalie and Linda nailed the replies perfectly.

Building ground up for 12% CoC sounds appealing, but that's assuming everything goes absolutely perfectly. 

It sounds like some people want to day dream about the perfect life of abundance they are going to have regardless of the class or the coach. 

Not perfect as it can leave some standing water (very little) here and there but nothing a quick hit with a normal mop can't deal with.

The land, zoning, waste disposal system, in ground oil tank, elevations, liabilities, encumbrances, lot size, setbacks, and other issues that may have impact on an investment decision and any value add opportunities or lack of. 

i would do some thinking and discussing and maybe talk to some professionals before you just tossed that much liquid cash against a perfectly decent mortgage... especially with college expenses coming up!  

It is also very hard to "perfect BRRRR" here.

So you have an extra $75k in your pocket (cap gains tax saved) and you’re making $7k more than the perfect world rental.

With four spacious bedrooms, three full bathrooms, and an inviting backyard, it's perfect for both relaxation and entertaining.