We recently relocated from our primary residence to a rental property ourselves (we recently welcomed a baby, and our house no longer accommodated our evolving needs).

Quote from @Stacy Banks: Hello I wanted to know what does it cost to do foundation & framing for a 1,500sq ft house being built in Lehigh Acres Florida.  

Every loan and bank will have its associated fees and cost as its the price to do business but if you see more leverage in tapping into existing equity that could very well be the case.

If you are newer I'd suggest a house hack unless you can rinse/repeat this process again. 

Flipping houses is a lot of work.

I would focus on a strategy and you and your brother like (Do you want day to day management of a house flip?

Connect with other investors, agents, and property managers to get a feel for the area and learn from their experiences.Are you thinking about house hacking or just straight-up rentals for now?

The reason to have comparables is if you are representing someone or perhaps purchasing a house for yourself to live in.

Leverage equity, explore house hacking, and continue learning through books, podcasts, and local networking to refine your strategy.

The house is a smaller colonial with 3 beds and 1.5 baths.