Soaking up as much information as possible from the Bigger Pockets podcast, preparing myself for taking action, and looking for conections and building relationships.

Build cost 2 million ($240 per square foot for a 5400 square-foot duplex) (Sale price $650 per square foot valuating the duplex at 3.5 million) Upon stabilization, the properties market value is projected to be between 4.5 and 5 million.

(see photos)There is a floor drain on the other side of the 2x6 wall(about 10 feet). so i would just need to tie it into this I am budgeting 20K for a brand new plumbing system for the whole house already since there is not anything in the house currently.The basement floor is already ripped out and down to dirt.

Margins are small, and to me, the real wealth-building in REI comes from the long-term appreciation, not the short-term cash-flow.Anyway, welcome to the forums.

If the buildings are all on one lot this won’t apply.

I'm brand new to all things rental properties, I'm gearing up to by my first property OOS in Ohio and live in California. 

One in my building was 850, 4 months ago, now 610k, BTW where is the prop located he got a 20% higher then expected? 

As part of this search, I got connected to a company that does turnkey properties in Birmingham - they build them, sell them to the investor and manage them. 

Ideally, we would find a coach of some sort that could help us find a deal that works, knows the ropes of the building an LLC. 

When asked about it and if in his opinion we should build more “affordable / workforce housing.”