It just says "For one house/dwelling the first months rent to clean, photograph, screen and place the tenant, and 10% of the monthly rent to manage it." 

@Dominick Galinis there is no rationalizing building when you can buy existing inventory...if you're not an architect or have a tight connection with a custom home builder this will take twice as long as you think with cost overruns you never predicted...how are you predicting you'll be in an instant equity position?

It might be an option and a good plan for the right investor.Just some things to consider and dwell on as you look to invest in OKC.

In an instant a lack of consistent jobs and earnings has been juxtaposed with an inheritance IRA that is close to 200K.

✓Second Home Requirements must be occupied by the borrower for some portion of the year is restricted to one-unit dwellings must be suitable for year-round occupancy the borrower must have exclusive control over the property must not be rental property or a timeshare arrangement1 cannot be subject to any agreements that give a management firm control over the occupancy of the propertyhttps://selling-guide.fanniema...

The least expensive way to cover that is a Dwelling Fire policy.  

The insurance -"rental dwelling policy" does NOT cover basement flooding due to sump pump malfunction or sewer backup.

If you have a good builder that you trust you can have instant equity when the build is done as you probably know.

If you are set on rehab, get a per ft price for painting and flooring (easy/instant rehab quote) and only look at options that need light remodel.

It is owner financed and has 3 dwellings on it.