There is a single family home that was divided and one half has been rented and an ad on small "house" that has also been rented mostly long term.

Quote from @Devin James: Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball build larger homes. average new build in our market is 2200 square feet, 4 beds, 3 baths, 2 car garage and sells for 515k. construction costs lower if design is good and find the median or average home sale price and push that up. my guess is you built too small. 347k is cheap. we target 429-479k price range in columbus ohio for single family homes and also only purchase close to urban core where premiums are 20% higher and we build smaller like 1500 sq ft where price per square foot goes up. 

Thank you @Jaycee Greene and @Hossein DaneshIn sum:- 42 apartment rental deal (land has potential to add 32 more on  two small building but that phase would be out of scope for this initial stage analysis).- Negotiated sales price $3.2 (seller financed)- 30% DP @ 7% / 20rs.

In the mean time, if I have a property I am seriously considering, can I direct message you the address and get your opinion?

I am looking at Carrollton ga to invest in long term rentals either SFH or small multifamily.

@Jeff M. would love to hear what made you change direction and move away from investing in Lorain.

Land cost is only a small component. 

But if you/your team like to spend some time building your own flow, feel like it's better to build it on go high level directly. 

I feel direct mail is another great method.

Happy to help point you in the right direction and give my insight if you want to shoot me a message.Best of luck!