If you have a steam heating system now that would work if the power fails provided you have a standing pilot light or one that ignites from a battery backup.

typing on tablet..sorryShould I move to get another house with same rough specs and math or wait?

The other issue or challange is do you want to build a Spec house or a Custom Home?

We remodeled the first apartment, and used that as a model (along with drawings) to rent the other floors on spec.

If I had $100k and needed it to throw off $72k, I'd buy a lot for $70k-90k, borrow $200k via construction loan, build a spec house, and sell for $350k-$375k.

He was building specs and one of them didn't sell so he decided to rent it out.

In 2012 I also started investing in some spec home construction which has gone well so far. 2014 will kick off a large project (at least for me).

As many of you know, we are in Orange County, CA, and build new, spec construction.

I am looking to buy "dirt" to spec build custom homes, wholesale property and rehab properties if the opportunity becomes available.

., yes, without saying, if you get a buyer on the line and they pick colors and items, you go from a spec to a custom, especially in higher ends, make them pay for it or get it in escrow