I would first separate out the original purchase price between building and land.

additional challenges are the inventory shortage and good contractors being extremely busy. 

I made some resources for my out-of-state investors like a neighborhood graded map and contractor rolodex that I can share with you!

Marin is a phenomenal place to build equity, and eventually use that equity to create cash flow. 

I’m looking to expand my network and would love to connect with investors, contractors, agents, appraisers, or anyone who is passionate about real estate.Let’s connect!

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!! 

The key is building systems and finding solid property management to handle things while you move around.

If the local market is healthy and rental income will be adequately managed by a property manager, then a long term residence could be used to build equity.

I am looking to network and build a strong business relationship with a local real estate agent.

Based upon the cost seg studies of my clients, a building will typically yield 25-30% of the total cost that can be segregated into personal property and land improvements.