But in my mind that's your best case scenario, take your profit at the beginning, maybe buy a couple of the houses at a discount on the back end as rentals if it works out, but for sure I wouldn't want my profits for improving raw land tied to the final sale of the home unless I was incentivized to do so.  

All other things being equal, pre-constructions are mathematically (much) better deals because you pay (much) less, assuming again that you're not overpaying, as a discount on an overpriced property is no discount.

A challenge that may arise, depending on the other tenant leases, is that they are all paying above market rates and will see the new rate being marketed and will want a discount at renewal.

Peak and off peak shouldn’t be a 6% difference, it should be closer to a 50% discount.

@Seth RoseI would look at the approach from a revenue mindset, not a discount mindset (which is where the BRRR concept was born).Firstly, I would like to point out that properties with great cash flow potential and deep equity positions aren't just floating around the MLS.

And then the investors going to repeat the same euphoria again lolIts wolf eating wolf and eating wolf-way of business.Now every GP outthere, look at the same excel sheet, find me all complex that would have debt maturity in 2024, I would buy it all with 20% discount LOL LOLKind of.

The lucky few were able to scale quickly in maybe 7 years by buying properties at a discount (e.g 2008) or someone with very high W2 income and tons of capital. 

Keep in mind turnkey companies do get bulk discount from their subcontractors and vendors, some company pocket the discount for themselves, some company pass onto the discount to their customers and offer a great price.

Just a FYI be prepared for it to sell at a discount,Jay- I have seen people buying land notes for 12%-15% yield which is CRAZY and they are going to eventually lose their shirt once they go into default and the land value is repriced.Thank you for the info.

It's a $10 discount for you and me.