I think you should speak to an experienced Broker and get a price opinion and ask how your local market is.

If you are having electrical work done, you tend to get better pricing for a larger job so adding on this work is more economical at that time. 6.

As Patrick mentioned, I would be careful to be competing with the new builds and stick to more affordable price points or places with a large yard or no HOA that will appeal to a different group of people than the new builds will.

Congrats on being a landlord worthy of referrals, that is great regardless of your pricing.

They are profitable, modestly so, and the real opportunity here is long term. 

There are a number of contractors that can do the testing for you and prices seem to range anywhere from $300/unit to $900/unit. 

a) Plum Creek, Kyle - 1900 SF, 4 bed 2 bath, corner lot, large backyard, great school district ratingb) Whisper, San Marcos - 2300 SF, 4 bed 3 bath + study room, moderate backyard, OK school district ratingThe Whisper property is about $20K higher priced.

Purchase price: $280,000 Cash invested: $250,000 Sale price: $1,500,000 Entitlement land flip What made you interested in investing in this type of deal?

Purchase price: $350,000 Cash invested: $250,000 Sale price: $2,000,000 Entitled land flip. 70 workforce housing units and 8300 sf of commercial space.

Purchase price: $440,000 Sale price: $675,000 Purchased with 5/5 ARM, no money down and walked away from closing with $4,800 in pocket.