I would aim not to break even since construction costs can go over, etc.

One anecdote typically does not prove a trend but my 23 years of experience has been consistent with the following real-life examples:I purchased a small 1,500 square foot home in Mill Valley in May 1997 for $445,000. 

What we have done in the past is write up a typical offer with a financing contingency, and in the financing contingency write up the seller financing terms.We like to keep the offer and the terms seperate.

Dudes,
There is something called "Ad Fatigue" Make sure to look it up.

Every other link I click trying to provide value, or answer quesitons  I see this dude's face, in my face!

Regulate your ads, my dude...

Break-ins to steal construction tools are very common.

Typically our lending partners programs are as follows:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $200,000 we charge $2,500 minimum)Max Loan: 65% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)We have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WI, WY.

It is typically every second wednesday of the month.

That type of rental typically involves a lot of turnover, drama, and work.

I've done 10 gut rehabs but I don't have new construction experience.

Just add up the original purchase, add any renovations/construction/improvements, and divide $23,400 by that number to get your annual CF yield %.If it's 10-15%+ annually, you might want to hold it since that yield on your current cash is hard to beat.