At the end of the day, RE investing just isn't purely about numbers.

I have typically done 3 color schemes in my rentals (ceiling Lowe’s Maintenance Paint, walls S-W On the Rocks, trim S-W Pure White).

What I am about to say next is not a matter of opinion, this is pure fact that is backed up by numbers!

Once I rent it out it will cash flow 1000 a month.In regards to the new build, definitely building is more to the tune that this is going to be the home I live in for 7-10 years as oppose to purely economics.

Recently started a "small talk" discussion which is a focused content section followed by pure, good ole networking.

These are the few numbers I have (purely based on first conversation) Her operating costs are about $900-$1000/month. about $450 for the county to come inspect once a month, costs of upkeep, meter reading, invoicing etc. 

This move will be purely for our first investment in real estate.

If you are purely looking to invest in newer SFR homes I would suggest looking inland in Hillsborough County in the suburbs such as Riverview and Gibsonton.

To get the underwriting based on solely a new appraisal, you'll need a ton of evidence - enough to convince an underwriter or risk officer who gets to make the call purely on internal company policy and not tied to conventional or govt published guidelines.All this being said, if you're already at a 1.0x with the current appraisal for the loan amount you want, going to 1.1x or 1.25x would only be marginally beneficial unless your lender wants 1.25x for some reason. 1.0x is generally enough to fund for most investors at or below 70-75% LTV.

Hi Amod, my wife and I operate out of Burlington County, NJ so we are familiar with operating in a purely suburban market.