At the current cost to build estimate $150/sqft, It appears a 1500-1700 sqft new construction will need to sale for around 399,9k to make a decent profit.

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.The downside of using FHA or a FHA 203k is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.

But you have to purchase new investment property of at least as much as your net sale to avoid tax. 

Hi All,I just closed on a SFR in Cincinnati (Hamilton County) and our property taxes will increase significantly.

This is a sale for me.

This would allow us to come to the table with less funds out of pocket on the front end when starting construction.Is the best way to complete the transfer of ownership through a traditional sale registered with the county? 

Closing CostsMake sure you also budget for closing costs, which are a collection of fees and payments made to the various parties involved in your transaction.

If you can rent 3 units for $2,000 you are close to breakeven.On the plus side, you will have a highly attractive asset and several decades without much cost of capex and repairs. 

Most purposes that people on the BP forums are transferring properties to an LLC, would be exempt of the Due On Sale Clause. 

It’s doable, just more difficult, time consuming, with a lot more “contacts” needed for each “sale”.