The current rent for the neighborhood would barely cover the mortgage and utilities, should I opt to do a typical rental.

They tried to charge us >$200 for barely using internet for a week because of how much we supposedly went over on the data. 

Typically you need 2 yeara tax returns, but year 1 you Typically lose money, and year 2 barely eek out a profit.

@Theresa ReynoldsAlso, he’s been screwing around all summer while stupid little me waiting patiently for him to complete the roof so I can schedule and appraisal and then he requests to close in a week when the roof is barely done, without having a date set in the contract.

awesome investment with barely any money doneLessons learned?

We barely cash flowed when we bought houses in south Dallas for 30k.

We were able to find coverage with Insurance Carriers that do "Bare Bones Charter" coverage. 

It was barely breaking even, so we dumped it for this quad.

My old house was barely breaking even as a STR and would have done worse as a long term rental, so we dumped it for this quad.

Most builders in my area are barely catching on but once they do I believe they will try to do exactly what I'm trying to do.