A new build needs to perform better than that to make it worth your time, all the risks and capital concentration.thanks for the advice everyone and would be happy to connect with you: @Bryant Brislin @Dave Wells @Leilah Davis @Joshua Stewart I have been building 15 to 20 spec houses a year now for 7 or 8 years..Just curious, generally from start to finish, from closing on buying the land to collecting a check after building the house and after escrow, how long is the process taking you? 

That's 50k a year gone and you are losing tax write-offs and equity potential.

You're giving up some good tax benefits since you're in the tier of taking itemized deductions.

I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require  PMI which is an additional expense, and you also need  bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.

If you would like to show your tax returns or w2s then I can put you in a conventional loan because we are a conventional lender also.

After 6 months of non-payment, we were able to perform an eviction for this tenant.

Tax Savings:While it’s true that the stock market has been strong, real estate offers unique tax advantages that aren’t available with other asset classes.

I also think that investing remotely is something I would do after locking down my local strategy.

Columbus Ohio and new builds not existing. enter market 25% below market on a new build and control every decision. land is under 10% of after built value. refinance, do it again. 

There could be local considerations that are tax and inheritance related.Thanks for the reply Ken.