Look and finishes would be similar although lot is quite a bit longer on the property I'm looking at, about 3x the length of that property.

• Have you completed similar projects?

I"m sure you've done similar.

Plus getting the utilities to the site, is different than hooking up the utilities.You should also provide a picture of a similar building to show construction type and finish quality. 

houston is probably similar pricing to Columbus Ohio but way worse zoning laws. we take 20% on top as a GC and a guaranteed fee agreement. our contracted new construction projects recently:Single family new build spec home: 1513 square feet with 3 beds 2.5 baths 1 car attached $275000 approx $182 a square foot if calculated using heated square feet which means our cost is $145 a square foot. 3 unit / triplex new construction: 2008 square feet 2 bedrooms 1 bath per unit or total 6 bedrooms 3 bathrooms with 3 off street parking spaces. contracted build cost $395,000. no garage on this and better economies of scale with shared roof, slab, etc. $192 a square foot hard cost with our cost running approximately $157 a square foot. 

This ensures similar construction, plumbing, electrical systems, and design.

I also live in Tomball and have a similar need for a CPA with heavy RE / investment income experience.Matthew

Spoke to my realtor I used in DT as well and he had similar insight.

So if my taxes and insurance numbers are similar from house to house, then the low-rent houses are not going to have enough revenue to take on more than just a little debt. 

When I co-hosted in Allston, MA (Boston), the owner tried a similar approach, but we ultimately stopped because it wasn’t working well.