However, you will have to find a sweet, desirable spot as building a +$200k home in an area worth only $120k is not high reward.Yes, they do build new homes in areas considered run down. 

I am not interested in building a small project and living in it, I don't think I would spec build any less than 20,000 sf at a time, my sweet spot is 40,000 sf at a time or the project is too small to bring in the betters subs. 

I have a clue as to what it’ll cost to repair but idk if it’s as sweet as it sounds.

The sweet spot in our market is typically considered to be the buy and hold space.  

I can do simple rehabs and make more money or I can do "my type" of rehabs and have fun and be excited with it.My average ARV ranges from $130k-$150k.....THAT's my problem however for my area thats my sweet spot (quick sales).

Good luck, looks like a potentially sweet deal!

This is the sweet spot for investing.

If I can pull this off, replacing my regular houses with more lake front houses, I could pull in 500K a year profit...Just gotta give up the sweet interest rates for now.

We are from Denton so know that market best but go all over Denton county and also Collin and if the deals sweet enough farther south into the metroplex!

Maybe look into the insurance placement option for your property, though from what I know the sweet spot for insurance placements is 3 bed 2 bath single family homes and above.