Latest estimate I saw was $150/sqft to build not including the land.

The reason is a 5 cap might have risen to a 6 cap but the debt still at 7 s underwater on spread.

We are brand new to this; however, my husband has been in residential construction his whole life, including many years in project management of residential home developments.

As a former New Yorker who was a realtor in both NY and PA (Orange Co, NY and NEPA) I learned a lot about North Eastern PA which includes the Pocono Mtns and Scranton-Wilkes Barre area.

Do you normally include detailed criteria (as below) or keep the listing criteria generic?  

I live in Ca, this property includes a liquor license.  

That's why investors capital such as yours is customarily treated as equity, not debt and and receive ownership interest.

Get rid of debt, build a budget, and save.

Owner has paid $40,000 in interest in 2023.The owner is limited to $750,000 in deductible interest.For the purposes of calculating the limited interest deduction, should the total mortgage debt owed be $800,000 (the mortgage on the individual unit) or $1,000,000 (the sum of the mortgages on the individual unit and the owner's share of the underlying mortgage)?

The rent needs to be 1800-2000 to break it even ( including maintenance and PM).