Quote from @Devin James: Quote from @Dominic Mazzarella: Quote from @Devin James: Everything went wrong with this investment:   - Took 4 months longer than expected   - Cost $10K more to build than we anticipated   - Sold for $20K less than we anticipatedWe still profited with a 30% return on equityThis is why I love Real Estate InvestingWhen you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.Here was the original post:My siblings and I are building a home in North Port, FL.Here are the numbers: - Finished Home Value: $412Kish - Land Cost: $19,750.39 - Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!! 

My initial goal was to earn $100,000 per year, and with our combined efforts, we now make approximately $16,000 per month.

Consider higher down payments to ease monthly expenses and make deals more viable.

Monthly pre-tax income for household (minimum $5000)7.)

Changes to the lease for stays under 6 months include:-Changes to the move out terms.

I would be paying around $200 per month out of pocket.

You have to find rentals that are on the market for 3 or 4 months or more.

There are some major developments continuing construction, however; the price points are upwards at $290,000 or higher and rent rates being advertised at $2,000 a month.

I analyze intensely the ARV price points in my target markets for at least 9 months before I buy. 

So far 1 month later.....1 property met my criteria.