You might need to shoot a little higher on your unit size if you're going to want to hit 10mil in equity.

What are per-square-foot building costs and what size houses would you have to build to hit the $500K or the $675K price ranges?

:)Sean, you might have better luck hitting up old landlords who want to retire from landlording activities....

Now builders have to us energy efficient mechanicals for new builds and they have to finish out the roads per city codes etc.Awhile back a lot of this stuff was open to interpretation.

Genesee County has been hit VERY hard but I have a feeling there's a lot of money still to be made around here.

A couple of thoughts:Without leverage, it's eminently doable in most areas of the country to hit an 8% yield holding a SFR, and that's not counting any appreciation that may come your way.

@Thomas Dowell You should explore other options before you distribute the money and get hit with the penalty.

Thank you everyone for the warm welcome.Manuel you hit it right on the head.

Areas like West & South Torrance have always been desirable areas and haven't been hit as hard as others have.

But I'm curious, and the tax guys can probably give examples, if you are at 155,000 and you have hit a phase out/rule that says you cannot deduct 25,000 in depreciation, isn't your effective tax rate on that last 5,000 over 100%?