We built a single family home version of a 2 bed 1 bath with surface parking at cost with no profit all in with land for 175k in newark ohio, a suburb of columbus ohio. when we push that to 3 units and closer to the city for our build to rent model the numbers go way better. a 30k slab for a single family home is 30k, a 30k slab for a triplex is 10k a door. we designed a 2 bed 1 bath design at 668 sq ft and it's very good layout even I would live there, but I would never build anything that small again. there's no economies of scale. you need density and shared lines, resources, shared roof shared slab, shared windows, etc the cost goes way down.

If you have any experience or knowledge in the Memphis area, will you please share your insight as to whether this is a normal fee breakdown or too much.

@Jordan Sachs There is more to this fact pattern that's not being shared.

This is why we've seen good marketers gain massive wealth selling a false narrative, then ironically, use that wealth from the marketing to actually do the thing they first pretended to have in spades, now only possible via the marketing $. 

I've learned that the on-market opportunities just don't have enough margin and are too risky for flips.If you have any off-market leads or know where I should be looking, please share them with me!

From our perspective now it seems misleading to advertise anything other than useable space without sharing insight into the calculation.

Thanks for sharing your wisdom   I just DMed you!

Would love to connect and share some info on the Cleveland market!

Share your story!

@Henry Clark thanks for sharing this detail, really interesting to see the operations and "stabilizing" side of things.