Call and schedule an appointment, inflation may have changed that price.

I would be better off going to my job and working overtime and paying someone else to build it. 

@John Dawson the best thing I can recommend is 1.) find a mentor you get a long with who is willing to show you the ropes and just be willing to grind like your life depends on it.  1-3 years of that will set you straight, so long as you're putting your clients first, and doing a good job.  

I work a full time W-2 job and family life is now a priority w/ 2 young children....so I have been bringing on contractors to do my renovations.   

It's definitely not a terrible idea to own real estate outside of a retirement account so you can take advantage of all the tax benefits, especially using the depreciation to reduce your taxable income from a w-2 job.

And make sure your CPA hits the button for every possible sub schedule.   

David Greene has started to refer to a W2 job as a 'down payment generator.' 

It's a difficult job balancing all the different priorities as a PM, so finding one who focuses on your priorities is a must.

@William Leonard I worked with a contractor that did a great job on my rental properties.

A varied and reliable renter pool may be drawn to areas that are close to amenities, job hubs, and educational institutions.Keep in mind that the 1% rule is only a recommendation, and it's crucial to take the whole investment picture into account, taking into account factors like property quality, location, and growth potential.