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. 

You can purchase a cheap camera with a built in cellular connection: Cheap 4G Camera All this needs is a SIM card.

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

Right now, you have a property with a great equity position, solid cash flow, and cheap debt (interest rate is low). 

How dang cheap is it?

The reason we supply a couple packs is to avoid the cheap knockoffs. 

How much weight do you give to the cash flow benefit of cheap debt when the property is priced above market?

@Troy Gandee I’ve been to Edisto and remember how cheap it was a few years ago.

They get a chance.Quest had two kinds of 401k’s: The cheap version and one with a “Does bookkeeping and some (perhaps all) federal forms” apps.

No.I provide cable channels (I'm not cheap and have nice properties) and have smart TV's where they can log into any of their streaming services.