I am looking for a low cost builder, and need to stay around 85-90 PSF exclusive of utilities.

Generally though, the returns in Manhattan and Brooklyn are rather low (I assume because of "stable" property values and appreciation) but with some digging you might find a very good deal. 

I am looking for a low cost builder, and need to stay around 85-90 PSF exclusive of utilities.

BP is a great resource, and you will find a lot of seasoned investor willing to help and guide you.

Reasonably priced homes and good turnover.The inventory is low and every day 2x as many homes go off the MLS than come on, which means the inventory keeps shrinking.And this is when home ownership is the lowest in 60 years at 62%.

Just to set the record straight here on BP the term House-hacker refers to a multi-family residence where you live in 1 unit for low or no rent because your tenants rent is coving expenses.

It is easy to tear stuff up, and you will save a pretty penny if you do so.Go to the home depot, home emporium, lowes, lumber liquidators, everywhere and get your prices on paper.Labor is expensive, but if it sounds like a ridiculous number, it probably is. 

The problem right now is that to sell quickly or to get an investor interested, they will have to sell at a low price and lose a lot of their equity anyway. 

All of our programs are low-doc and don't require income verification. 

However, I do know that most banks and mortgage brokers usually require that the property has been "seasoned" before refinancing.