Here's the revised budget for a similar project in New England: Land Acquisition: Approximately $100,000 (reflecting the higher land costs in New England) Utilities and Tap Fees: Adjusted to $9,800 (originally $7,000 in Ohio) Engineering, Building Permits, and Architect Fees: Adjusted to $7,000 (originally $5,000 in Ohio) Construction Cost: Adjusted to $252,000 (for up to 1,125 square feet at $224 per square foot, considering the higher construction costs in New England) Total Adjusted Project Cost for New England: Approximately $368,800For a more ambitious project aiming for a 3-bedroom, 2-bath unit covering 1,750 square feet in New England, the budget adjustments are as follows: Land Acquisition: Approximately $100,000 Utilities and Tap Fees: $9,800 Engineering, Building Permits, and Architect Fees: $7,000 Construction Cost: Adjusted to $392,000 (for 1,750 square feet at the adjusted rate of $224 per square foot) Total Cost for the Larger Project in New England: Approximately $508,800These adjustments reflect the anticipated increases in project costs due to the regional differences in construction expenses and land prices between Ohio and New England.

As long as you have your down payment, closing costs, reserves, and anticipated rent covers the debt service you should have no problem.

Barring anything crazy, I anticipate to get there within the next 1-2 years (15 more units to go).This will put my passive income somewhere in the neighborhood of $15k/month or $180k/year.

They both require the same investment, $10k.Conservatively, you anticipate in 10 years that the property will not receive ANY appreciation.

I will also quickly echo @James Carlson I feel a comeback this summer as well, I am really anticipating a bit of a buyers frenzy come summer and the PCS season here.

That's why you always have to anticipate these nuances and build them in to the asking price from the get go.My 3 cents worth adjusted for inflation.

In looking back at this, we should have anticipated the plumbing problems because the house was vacant for two years and we were not able to turn on utilities until after we owned the house.  

We will be putting $3,700 down, and borrowing $15,000 over 4 years at 5%, which is 4x the interest rate our relatives make on their savings in a bank CD, making both them and us very happy with the terms of the transaction.After closing, we anticipate ~$4000 in rehab costs to bring this very tired unit up to date, which will include refinishing the hardwood floors, complete repainting, new kitchen flooring, new counter top, new appliances, new lights, blinds, fans, toilet, etc.  

hey all, I'm a small time investor setting my affairs in order in anticipation of 1) retirement and 2) a global and/or national fiscal crisis.

They certainly don't come to mind (for me) as one of the major employers in the city, so I don't anticipate much impact here.