Obviously, a ranch would be the best, size has to be big enough, with plenty of space for parking so families can come to visit, and if it's located at an easily spot location would be even better. 

Purchase price: $205,000 Cash invested: $175,000 This was quite the rare deal in the South Philly neighborhood of Point Breeze, located a few blocks south of Washington Ave and 22nd St this corner property while only having a lot size of 16x64 was 2000 sqft!

Size makes a big difference in cost.

It is a townhouse and the adjacent property (that previously had an identical interior layout and size) has gone through a renovation to expand the kitchen by approximately 100 sqft, and add a second bathroom.This adjacent property is currently renting for $300-400 more than what I believe I can rent my property for.

It just kills me to see people spend downpayment-sized chunks of money on hands-off gurus.

We are choosing new build because A) our family 4 has a certain size demand B)  the price-quality ratio doesn't seem to make sense when considering a preexisting home C) with interest rates being at near 8% with preexisting homes, builders are offering 5.99% interest rates and the exact home we are looking at is about $75K discounted because it's a spec home and the builder doesn't want to pay taxes on it.So, live in it for 5-6 years hopefully rent it out with a fully finished basement for potentially $4,200 in 5-6 years.

Might be a good idea to see if you can get equity financing on a small portion rather than the whole thing, to keep payments as minimal as possible.

Start there then move portions of your money to where you feel you’d like to take on more risk.

I will also take your advice and speak with a lawyer on that portion.

Nice Steven....And AI can give comps very fast as well these days lol :Based on the recent home sales data for Woodland Hills, CA, it's difficult to determine if 22757 Charlemont Pl specifically has a good ARV (after repair value) without more details on the property's condition, size, and features compared to other recently sold homes.