Hopefully you bought the land at a decent discount at 75 acres.

My question is do you feel that I would save a good deal of money acting as the gc or do you feel that a qualified gc gets enough of the material and labor at a discount to where it would not be a huge savings? 

DPW is recommending that City customers age 65 and older, whose annual household income does not exceed $30,000, be eligible for a 43 percent discount on water and sewer consumption charges.

I agree with some of the comments that we are not the cheapest option out there, but I do think you will find our service exceeds the other discounted options by a large margin.  

List price $50,000Selling price $48,000 (unsecured LOC @ 4.5%)Seller paid closing costs and electrical item noted on inspectionLease and security deposit transferred to usProperty management fee discounted to 5% of rent for 12 monthsTen day closeRents for $750 / monthNext up is to do a delayed financing transaction to replenish my LOC and move to my next deal hopefully within the next few months.  

If I am going to have a property under contact, it needs to be a property at a deeper discount, and I want to be sure I make it worth my while.

And in TK, you are giving your exit up as the operator's profits :)Intelligent investing cannot be accomplished if what you pay is not discounted against the intrinsic value of the asset.

I wanted 12 -18% cap rates (interest rates were MUCH higher), and real estate I could buy for 25% + below REAL value.Immediately after the crash of 2008 I sought properties in the most devastated areas (Phoenix, Miami, Las Vegas) that were (1) class A (2) one third previous sale price (3) 8-10 cap rate on residential.Now I look at properties with a steady cash flow (depending on risk and property type), have rents that are short term adjustable in case of high inflation and have a potential equity "kicker", such as neighborhood being developed, restrictive zoning, university expansion, etc.I now divide my portfolio in three areas, not always mutually exclusive.  1- short term mortgage notes or long term mortgage notes purchased at large discounts (secured by commercial properties) for cash flow.  

I was able to flip it and sold it to a relative at a discount and still made 50K on it.

A better vehicle on not only the cash flow but getting at a discount and reaping the big gain on a sale.