Most of the time a condo/townhome won't be the right fit due to condo fees, hoa fees, etc that make it more costly for the ownership but also more management intensive.

I understand it is inherently riskier to develop raw land, but I learned that the reward is significantly lower lot cost and higher margins. 

Said that our property rebuild costs exceeded their maximum. 

I would do a HELOC, because if you don't want to take the money out you don't have to pay the interest, on a home equity Loan, the full amount is going to be advanced when the loan funds, and you will pay finance charges on the whole amount.We do investment loans on new construction, Typically we can do 60% of the land costs, and up to 100% of the vertical construction, not to exceed 85% of the Costs.Thanks,Dustin

I know its been almost 4 months on this post but since I didn't see anyone give an answer to the question.

Rent is $1,400 a month.

Leasing a Maytag laundry center from Wash.com would cost me $100/mo, but reviewers say they can take weeks to come out for repairs.A local place called Mission Laundry Equipment can lease me a Speed Queen laundry center for $110/mo, or sell it to me for $4,299 (actually $5,450 with all taxes and fees for delivery, installation, and setting up the credit card system).

Jaime The cost approach (land value + depreciated cost of improvements) is typically the least reliable indicator of value.

Current total monthly rent is $2675.

We're looking to build a 3 flat.What is the cost to build a 3 flat and 2-car garage?