Total build costs of 600k )this includes lot, soft/hard costs, and 60k overhead recovery to my construction companyAmortize @ 20 years, all expenses equal gross rents so break even cash flow.

When we do the construction loan, we'll take the cost you paid for your lot, your soft costs (plans, permits, property prep, etc) and add it to the build costs (keep in mind, we'll make sure those amounts are fluffed and that they make sense).

I would also recommend doing a walkthrough video so your buyers can understand the layout and make you a soft offer before seeing it.There are many more things that would facilitate the sales process on the acquisition side, but since you are starting out, keep it simple and do not make an offer on-site since you said you are new and might not know how to run the numbers.

All new Samsung appliances, new flooring, quartz and marble countertops throughout the unit, including all new wood and soft close cabinets and your own private fenced in yard great for entertaining and more.

With all that being said when the market is soft or there is lots of inventory I’ve noticed tax sale properties (including the adjudicated you buy off of civic source) will typically sell for about 10-20% less than market value.  

The updated kitchen boasts all new stainless steel appliances, quartz countertops, ample cabinet space, with soft close cabinets, a pantry and a convenient breakfast bar.

Also, you need to budget for soft expenses.

You don't want constructive criticism, you want soft pedaling and easy tosses.

On an adjusted per-square-foot basis, prices in all regions showed greater growth rates, by 3.3% to 6.6%, as soft median list price growth in the South was driven by a larger inventory of affordable, smaller homes.

My soft skills and ability to communicate and strategize on the fly have increased in ways I didn't think possible for me.So yeah, 100% worth it if you can make it happen, but like anything else in life, you will only get out of it what you put it.