The cost of other (non-new construction) houses in the neighborhood have no relationship to the cost you'll incur to build a new house.Your costs will be based on a lot of factors:- Location- Level/type of finishes- Style of house- Size of house- Whether you GC it yourself or hire a builder- The types of contractors you use- Your negotiating ability- How strategic you are with your designs to keep costs downI've built houses for $60/sf, and I've built similar houses in other locations with different contractors for $90/sf. 

The thing is, I have zero experience with marketing-style writing.

One additional thing I would suggest is to speak with people doing the type and style of investing that most interests you.

Paying off the line with all proceeds from all cash-flowing properties I have will help us expedite the "rinse-n-repeat" model giving us flexibility to have some steroid growth style action for our biz.    

We are building 52 town home rentals ( duplex style in Salisbury) NC picked up another 80 lots in and around Charlotte.

@Adam York, You'll learn to appreciate @Bob Bowling communication style.

It's a ranch style 3/2/2 with around 1,900 sq ft.

I would look at this deal from a worst-case scenario point of view and determine if it still fits into your style of investing.Kenneth R.

.-- Docket An Asian cash-buyer bought a Tuscan-style home overlooking the Pacific Ocean for $12.25 million in 2007.

If you have general questions about local markets, investing styles on facing the challenges of being young in a cash business I'd be happy to discuss.