I visited the site and the project was running behind, they couldn't add a second story, and the cost is about the same as normal houses. it's 100 houses total it's a super small fraction of the entire building market and there are more than 10 companies co-invested in it. faaaaarrr away from anything. the technology isn't there 

I recommend being more specific, consider the number of comparable rentals, not just the total number of rentals.If your rental is $2000/month and you see rentals at $3000/month with long time on market, that is interesting but not as directly relevant to your situation.

Another estimate might be $1,000,000 divided by the total number of unitsThere are other discussions you should have with your agent.  

I own two homes in Hawaii and not sure whether to sell or keep long term. 500k total equity.

I have underwritten deals owners were doing 20-30% ROI on total cost year 1, this is rare.

With this method you would have a total of 3 properties your (primary, accidental property, and new investment property).If you are interested in getting rid of the accidental property doing the 1031 exchange tax wise would be more beneficial to do than just selling the accidental home and not using the funds to purchase a home of equal or greater value.

A total of 2,960 leases were signed versus 2,945 in January 2023.

I totally agree with what you have shared and one day hope to own all my investments free and clear.

Your approach to calculating the maximum construction size within a specified budget is enlightening.Based on your figures, I've noted the project budget as follows: Land Acquisition: $8,000 Utilities and Tap Fees: $7,000 Engineering, Building Permits, and Architect Fees: $5,000 Construction Cost: $180,000 (at $160 per square foot for up to 1,125 square feet) Total Project Cost: $200,000This budget underscores the critical importance of efficient cost management, especially in balancing project size and quality within the financial limits.Considering my project will be situated in New England, where costs tend to be higher, I've adjusted the budget to reflect a 40% increase in utilities, tap fees, engineering, building permits, and architect fees relative to the costs you've outlined for Ohio.

No garage is a bummer but certainly not a deal breaker.....Most people don't use dining rooms any more anyway.....If the numbers are that good, I'd go for it.... totally agree.