Every market will vary due to labor costs. 

We abated the walls, and that added $10,000 to our costs.

After my P.M. costs I collect $940 or so/month. 

With that said, the income can still offset the cost of holding the property as a long-term investment.

Cash flow approximately 350 a month.Option 2: Use the cash to buy land to build a 6 bed 4 bath duplex, all in cost approximately 300k/330k. 

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.

At this time I manage and renovate majority of all my units to keep cost low but most likely not the best use of my time although I'm skilled at it.

This plan also offers many integrations (at an additional cost) depending on what your needs may be.

It's the cash you put in that's your cost for the property. 

funding land flippers as a capital partner is my latest thing.. since finding lenders for land is very difficult. continue to fund small developers soft costs for % ownership.and continue to be capital partner for flippers and BRRR folks