That said, the other agent and I frequently reduce our commissions on these deals to make them work and, even if the agents don't, the seller would still be getting around 3% at closing with a 10% down payment which, to me, could be a win-win depending on their situation.  

@Mike Levene cost to build per square foot is $200-$300 depending on finishes.So, you can start with that.

@Brian KohtzYes, you can potentially claim the property as a rental in 2024, but it depends on when it was "placed in service" for rental purposes. 

Originally posted by @Ethan Cooke:@Nick Kraska - It really depends on how much you want to get involved in building a team/network, minor maintenance while you're there, etc.

And what happens after the 5, 7 or 10 years depends on the lender but typically it would be a balloon payment.

they told us the borrower is not allowed to choose a title company we have to use theirs. 

@Makani Donaldson it all depends on your investment goals.If you buy a Class A rental, it'll usually have negative cashflow, which will be hopefully offset with appreciation and better tenants.If you buy a CLass C or D rental, it should have pretty good cashflow because you may not realize much in appreciation and you'll have a lot more problems finding good tenants.

We have several different people lined up to clean ours depending on time of day and how much lead time we have.

A horse and buggy might get me where I want to go, but I'll choose other options.That being said, just because someone is using an algorithm doesn't mean it's the right one.

@Jared Smith it depends is pretty spot on!!!