If you're not a full time builder, you're going to have a really tough time building a house and turning a profit.

Also, you should look for opportunities to buy below market and force some appreciation, so that you are not 100% dependent on cash flow to make all your returns, you will be insulated to some degree from short term market fluctuations, you create multiple profitable exit strategies for yourself, and your cash flow numbers should also improve to boot.

Take the profits (from cash flow/refi/or selling the deal) and put them passively (LP) in other deals so your money is constantly working for you.

Recent comps for the area, have two bedrooms selling for the $190 range (thought it has a carport that ours does not), and ours is larger 3/2. 

I still work on those but deal size has to be larger.

You are correct SD is not the best market for SFR total profits.

because the products wear out over time, typically foundations don't settle much morewiden bases out slightly larger and higher the load is limited down force after a standard repair area.sinking may occur however remember a lifetime is typically a 20yr period, limiting this period to conditions make it a limited lifetime.marketing to people not realizing this.

After paying for the water and the electric, what's your profit/load?

It is a niche that you have to feel comfortable playing in, but can be profitable if done right. 

@Henry Perez just curious what kind of net cash flow/profit are you expecting on a 100 unit Central Valley property?