I think I have calculated the appropriate numbers, but this our first new-build adventure and I would appreciate more experienced eyes on this analysis.We are considering purchasing land in Packwood, WA and building an upscale modern 3/2 1500 sq ft A-Frame cabin.

The last thing you want is to have a home run deal that theoretically should be a high-profit flip but is ruined because your contractor screws you over in some form or fashion (late deadlines, inaccurate scope of work, etc.). 

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

Just because it’s come down does not it will bounce back automatically in a timely fashion.

I removed the chimney entirely and installed a full HVAC system, making it the only house on the block with modern heating and cooling.

Purchased for $139,999 using a mix of cash and hard money, we revamped it with modern updates, including a new kitchen, flooring, and fresh paint.The property rented for three years, generating steady cash flow of $450/month.

The exterior got a fresh coat of paint, and I added modern fixtures inside to attract buyers.

I’m hoping to find more success in Phoenix, but as you stated, the old fashioned way may be my best bet.

I'm really old fashioned and have been using spreadsheets for years.

Therefore, if you look at history, real estate has continuously performed in an upwards fashion while, like any other investment, has experienced short lived corrections from time to time.