It’s a 3 bedroom home, brand new build and just shy of 1500 sq ft.

And it often works because they are often working such long hours they are almost never home. 

If I purchased a home locally I’d have to ask well beyond the market rate on rent just to break even.

The housing crisis saw record numbers of foreclosures of single-family homes in Maricopa County in 2010.

I am currently self employed as a GC with my own company: Carolina Premier Homes.

However, if single-family homes prove financially viable, I’m happy to continue building in that niche.Since these homes and projects are significantly cheaper than my market, the risk is relatively lower for me and can do at least two at a time.The ChallengeOne of the biggest hurdles is finding reliable contractors and subcontractors in the area.

I have 16 homes in Rio Grande Valley that are RENTED for $1000 plus per month.

If they don't NEED the money for a down payment elsewhere, the income could certainly fund their payment at a new home, rental or retirement home. 

@David YoungTo turn your paid-off home into a successful investment property, start by formalizing a lease agreement, assessing necessary renovations to maximize rental appeal, and calculating your cash flow after expenses.

Purchase price: $145,000 Cash invested: $60,000 Finding a move-in-ready home that offers modern upgrades and country charm can be challenging—but this fully renovated 4-5 bedroom, 2-bathroom ranch is the perfect solution.