Just make sure you have ran comps for the rental rates on the new builds, and get quotes from multiple contractors, because building prices are always changing. 

Do you pick buildium for the price or any other reason?

So even if you were experienced at a 90% LTV on the initial PP, you would need to put down 70k + Closing Costs if the purchase price is $700k. 

Looking forward to hopefully making some connections here.Thanks!

This shows that almost half of buyers still prefer the confidence and speed that cash offers bring to the table.Median Sale Price: Here’s some uplifting news—median sale prices climbed by 5.60%, reaching $659,999.

Even with this decline, nearly a quarter of buyers are still paying in cash, which shows strong confidence in the market.Median Sale Price: Here’s a silver lining—median sale prices rose by 4.1%, reaching $640,000.

Despite this, nearly a quarter of buyers are paying in cash, showing strong confidence in the market.Median Sale Price: Here’s some great news—median sale prices went up by 5.5%, reaching $657,000.

Market price was at 650K, the deal might only make sense to purchase at $438,782 (Including CAPEX/Repairs funds).

What is more lucrative in a Midwest or southern market, with  prices in the $300k’s for STR’s, college football or vacation spots and where.

I don't think cap rate for residential RE is necessarily the best metric, but I try and achieve a 10% minimum gross rent to purchase price figure, so a $300K property I am hoping to achieve a $30K/month gross income goal.