Hello everyone, I have 13 years of experience as a landlord with two single family rental properties.

My family has been active in the Las Vegas real estate market since 1989 working mainly in single family rentals. 

Quote from @Devin James: Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball build larger homes. average new build in our market is 2200 square feet, 4 beds, 3 baths, 2 car garage and sells for 515k. construction costs lower if design is good and find the median or average home sale price and push that up. my guess is you built too small. 347k is cheap. we target 429-479k price range in columbus ohio for single family homes and also only purchase close to urban core where premiums are 20% higher and we build smaller like 1500 sq ft where price per square foot goes up. 

single family or multifamily?  

I found a single family home built in 2004 for $240,000 and believe I can get 20% down within 12 months.

another single family home?

Read books on real estate investing.

Commercial and industrial are many types of investments.  

Imagine if you had one single-family home.

Do you want to be great at Real Estate Investing?