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 guess I don't know how lucky we are to have found our property management after hearing all the comments. 

We are looking to buy 900 houses across the Southeast from Texas to Alabama.

As we all know, the standard way BP says to calculate cash flow actually leads investors away form long-term opportunity and leaves a lot of investors on the sidelines because they don't understand IRR and the multi layered dynamics of investing long-term.  

This is a marathon and not a sprint, so look at it like that so that you can have a long and fruitful career.  

The city emailed me not too long ago informing me that there was some "system error" and they approved that permit by mistake.

@Charlotte WilsonAs long as you continue to occupy the property you purchase with an FHA loan and you're not applying for owner occupant financing on the other property, that shouldn't be a problem.

From there you can start to identify what you are looking for.Where do you land on the follow spectrums:Cash flow and AppreciationLong term or Short term needs (waiting for growth vs get out of my W2 now)Long term rentals, Mid term rentals, Short term rentalsBuying close to home or coast to coastSelf manage or hire a PMIf you can narrow in on those, you essentially have your buy box. 

We are closing on a 2/1 condo tomorrow with a small fenced backyard and a metal storage shed.

@Rolayne Taylor We are just alike I started in 2019 with my first house hack.