I paid 206k for this what turned out to be a tear down.. spent 245k building a new home and of course demo  2k sq ft at 100 a foot plus demo.paid cash for house got 10% money for vertical  ( did not have my banking relationship I know have at the time so higher cost money but only pay on advanced funds. )Sold  720k numbers206k + 245k + 20k cost of capital  + 5% commish  36k + 10k misc =  517k all in say 520k (720K) = 200k net profit... double my money cash on cash one year.. pay tax of 60ish and net 140k after tax.Not bad...  

Plus, the listing agent would love to double end the sale and you would love a great deal ... so, give them what they want to get what you want.

(Always double check calculators too. 

I'd track how many miles you put on during plowing and double the service mileage, because reverse doesn't track.. so you'd get a good idea of what it takes to do the lots. just my 2 centsI managed 3 properties I'd take mileage from front door to 1st site,, in between 2 sites and then from last site home..

You would want to install the code-mandatory egress window in that basement bedroom ($3500)Sorry about the double post.

Double and triple check your numbers.

Double post from phone.

The reason I did it was because I predicted that prices would double in five years so I could take the ride all the way up and then sell each house retail, one at a time.

We certainly have seen significant appreciation in a lot of areas, and those days of massive double digit appreciation growth are behind us, especially considering the headwinds of rising interest rates going forward.  

@Amber Kushnerthx for the reply.From what i'm learning, LLC is no good for Canadians as you will get double taxed.