I am Looking at around $135000 with some sweat equity to build the two 1200 sqft 3 bed 1 bath twin home with 400 sqft attatched garage.

Formed an LLC to run the venture as a business, and I’ve already bought a property for 25k, planning on a significant rehab in the 50-60k range with added sweat equity.

Doesn't happen as Wayne mentioned, but the OP states don't sweat the details, LOL.Did you also notice you're living off $250 a month, really? 

Perhaps consider a deal that needs work, where you can put some sweat equity in early in your career while you wait for the market to turn.

Sounds like a lot of sweat equity but a pretty nice return.  

@Steve Gregory Wow, sounds like you are getting the best of both worlds with sweat equity and forced appreciation but also the longer term monthly rental/lease income.

Overall, if the numbers work and the bank is motivated enough, I would be trading up because of the sweat equity involved in this property as well as the zip code gives it much more value.I'm not married so I only have my dog to adjust to the move and he doesn't necessarily get a say in the matter.

I am not as worried when it comes to fixing up the house because I am more than willing to put in some sweat equity and my uncle being a contractor who is willing to help.

Basically, you can utilize sweat equity (if you have the skills) to make the down payment up.2) Some people open LLCs for each and every property.  

Also if this was an exceptional deal, with minimal work, I wouldn't sweat it.