I've had it listed for rent for a couple of days now on a few rental sites, social media, etc, but have yet to have anyone come and look at it or inquire about it.

Example:Land- .5 acres - 300kBuilding - 2200 sq ft at let's say 155 sq ft for contingency since they are saying 140= 341,000Legal costs - 50,000Grading and site work- 100,000Total Cost - 791,000NNN lease - 2200 sq ft at 30 a foot = 66,000 a year NOI66,000 / 791,000 = 8.3% cap rate to cost ( break even )Market resale estimate 6.5 cap rate = 1,015,0001,015,000 market price6% broker commission = 60,900Attorney and legal to sell = 15,000Stamps, recording fees, etc. - 10k or so (varies by state and county with costs)929,100 - 791,000 = 138,100 gross profit before long term capital gains tax of holding for more than 1 year time or deferred taxes if you 1031 exchange into something else.As you can see by the numbers this deal is too thin for all the work involved.

My advice is fix it up as much as you can with as little money as you can (clean, repair, do yard work, make lipstick improvements, paint but don't paint yourself into another corner haha) and get out of this deal as soon as possible.

SFRs in the suburbs are for growing families who want to be in certain school districts--these properties will have high property taxes and be at the more expensive end of the spectrum, but you can find fixer uppers and sell them at a good price after rehab if you are patient and look deep--try auction sites like Auction.com, Williams & Williams, Xome, Hubzu.

You are usually cleaning up someone else's mess with a multi-family purchase. 

This iss great site to learn and exchange ideas.  

New construction costs can vary on several factors - land development, total sqft built area, on-site/off-site utilities, retention/detention area, covered/open parking, type of foundation and the list goes on.Do u have all permits from your City/County?

Both of these sites tend to list most of the sold homes in the past few years. 

I need someone to come out twice a month and do a basic cleaning/sweeping, occasionally cut the grass, etc.Any referrals would be appreciated.thanks, lenny

Once they get 1% of landlords revenue I could see it going up to 2% ,3% in the next years .On the related note San Francisco is also proposing an additional tax on businesses for the homeless . https://www.cnbc.com/2018/07/17/san-francisco-to-consider-tax-on-companies-to-help-homeless.html——OAKLAND — As the Bay Area struggles with an alarming homelessness crisis, voters may soon decide whether to force Oakland’s biggest landlords to pay up to help house the city’s most vulnerable residents.Oakland Councilwoman Rebecca Kaplan wants to impose an extra 1 percent annual tax on rental revenue that exceeds $200,000, and use that money to fund homeless shelters, help homeless residents secure permanent housing and clean up the sprawling encampments that line many of the city’s sidewalks.The city needs more money to tackle the problem, and collecting it from Oakland’s biggest-earning landlords makes sense, Kaplan said.