But also just as important is Is This Project Right For Your Objectives?

Avoid the "shiny object syndrome" by narrowing down your niche as soon as possible.

That's essentially what I was assuming, just thought I'd try to get other's objective insights who know more than me about that world.

Main thing is being consistent to your investment strategy and not to deviate with all the shiny objects so to speak in this business.

Ideally you want to be objective and use sold comps only.  

It gives you an idea of what objections they may have in their mind and allows you to address those objections in your letter.

Nothing jumps out and @John Underwood has some good suggestions, but maybe a digital antenna might work if you can pick up the channels.  

When there is a lot of uncertainty, a lot of fear, if you can think objectively and still have dry powders (cash is really king at these moments), you will make tons of money, and you will realize how profitable your decision could be years later, just like me.I’m not a handy person, I also had a full time job then, I didn’t want to deal with houses or tenants either, so I could be the last type of people who will be investing in real estate.

Avoid the "shiny object syndrome" by narrowing down your niche as soon as possible.

My contractor, who is also a friend, has built the exact home for $160,000 and I'd list it for $250,000.Assuming I purchase the home for $135,000 and sell the new house for $240,000, I'll lower my monthly mortgage payment by $404 (incl. ins. and tax), have $70,000 equity in a home worth $225,000, profit $507/mo. from renting that home (meaning I'll have $911 extra each month), another $10,000 equity in a home worth $140,000, and gain around $55,000 cash.Any objections or advice?