Are you wanting the home covered at full replacement cost?

Determining the cost on something like this is only something you'll be able to find out by talking to the city.

I usually only have about 2k for closing costs out of pocket.

Key risks in the BRRR 2.0 strategy include construction delays, cost overruns, market fluctuations, and difficulty refinancing if the property doesn't appraise as expected.

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

I have gotten 2 this year so far on the market that pencil for us at roughly 50%+ return cash on cash after lending and holding costs

We offered 407 and asked for closing costs.

The total cost including construction and permits (but excluding the land) comes to about $2.14 million.

Multifamily properties provide higher rental income and lower vacancy risk, but they require higher upfront costs and more management.

That's 1.56%.The reason the debt number is so low is because I need the principal and interest to be low enough to achieve my profit and operating cost goals.