I assume a higher upfront cost as far as land purchase and the actual build but you would have a brand new house, instant equity and hopefully maintenance free for quite a while.

Offer discounts for applying in a short time period or- offer a free application fee. 

- Why would you expect a well-run, profitable PMC to work for free handling maintenance? 

Hello @Jerry A.Feel free to message me if you have any questions but I would seek out a broker who has access to over 220+ lenders to help do the shopping for you. 

There is a 7 day free trial and it is $119 after that.

Keep learning, stay focused, and don't hesitate to reach out if you have more questions or need further guidance.Good luck on your real estate investing journey If you have any more questions or need specific advice, feel free to ask.

Was there something in the terms of the divorce that allowed her to live there rent free?  

Feel free to reach out with any questions.

So this is creating more competition and more agreesive rent rates and/or concessions like 1 month free to get those vacancies filled.

In your scenario you'd have a potential tax event on that $200K difference.Here's a creative way to access most of that money tax free however.