They said it’s way too small for the price. (3,192 square foot total) 2,200 on the main floor alone.

It is a 600-square-foot quonset hut sitting on 10 acres that is under 2 miles from a 750-acre lake.

I talked to a modular home company in my area, and he said to build a 4 / 2.5 2200 square foot home would be 215k, and then foundation and utilities would be another 160k.

Make sure to analyze cash flow, including conservative estimates for vacancy and maintenance.Indianapolis Market: Indy has solid multifamily options in neighborhoods like Irvington, Fountain Square, and near downtown.

Ugh.In all seriousness, I think for $50,000 with a 1200 square foot house in Michigan should be able to modest rehab.

You also don’t know what else I’m doing to get my foot in the door.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $850,000

Cash invested: $500,000

Sale price: $2,250,000

Purchased , knocked down, built new from ground up

...

Then wherever the water is getting discharged off of the roof, that what water is getting at least 4-5 foot away from the structure before it is left to drain with gravity away from the property. 

Note: We do 50+ investment property loans a month and the most important thing I tell BUYERS of properties being sold as or soon to be STR is make sure you are paying the market price per square foot and do NOT buy based on income approach/CAP rate.

A straightforward way to estimate value is by looking at the price per square foot and using that to calculate your property's worth.In situations like this, it's worth spending a couple of hours yourself to get a solid understanding of the market.