Quote from @Gaetano Citera: I would look at what has sold for Prefab verse stick built..

Unless you know of a house built with no living/dining room and the basement all chopped up into rooms about 100 sq ft! 

I found a single family home built in 2004 for $240,000 and believe I can get 20% down within 12 months.

Nonetheless if you can build a 7 plex for $700K (in my area, things are getting built for $200-300 a square foot), it definitely seems like a profitable endeavor. 

Buying a large new build home can also work well as a house hack as you can charge a premium rent, and generally most bedrooms built now a days have en suites (at least in my market).  

If the house has all major components in working order a few cosmetic items doesn't make it not livable.

When the second phase was built, the units have the same floor plan, but they added individual heat pumps and individual hor water heaters in each unit, so that they were on the occupant's electric bill. 

A subdivision of nice $400k homes was built across the street back around 2004.

Soon after I built the car wash, I was evicted from my leased space where I waxed and cleaned cars. 

Houston, TX 77092$405K | 3 Bed / 3 Bath | 3,030 Sq Ft | 14,130 Sq Ft Lot | Built 1952$449K - https://www.redfin.com/TX/Houston/5107-Hialeah-Dr-77092/home/30104865$499K - https://www.redfin.com/TX/Houston/2206-Wakefield-Dr-77018/home/29994506$425K - https://www.redfin.com/TX/Houston/4803-Chantilly-Ln-77092/home/30124010$1.1M - https://www.redfin.com/TX/Houston/1726-Locksford-St-77008/home/30123054PICTURES: https://www.dropbox.com/scl/fo/q6uzdcx60eiqelwt60uh0/APSK8ocLphgyIP8-85EMfQM?