Guess who spent their Saturday scrubbing and bleaching the tub and tile down in and around that bathtub (hint: we did while the tenants sat around and watched TV). 

And you'd be hard pressed to find one for a deal this thin.

Hi @Philip McTigheThe info from @Dana R. is great - I would be sure you add a couple more items that some people I find tend to forget on your rentals: Cable TV and Internet, not always required, but they are a great help to making your units more marketable.Also I found in my research for one market I am in, if the property has not already been zoned for a nightly rental you have to get that approved by the city, and they also require a fire suppression system (sprinklers) be in place.

https://www.ftc.gov/news-events/press-releases/2019/11/ftc-acts-shut-down-companies-operating-real-estate-seminar-scheme

Theoretically at this point it would give you $447 a month cash flow.Based on this you can press further for the actual numbers.

I would be pressed to build for less than $65/ft.  

However, living in Atlanta, I've never seen attached townhomes outside of a HOA setting, where a large builder has developed a large number of properties.On TV, of course, I see lots of attached homes for sale up north. 

@Norman Bauer @Dawn AnastasiI would buy 2 or 3 houses in Detroit and sell them as sweat equity for 1k down and 200 a month each.. there was some old dude in the Carolinas doing this I saw him on TV once.

You'll be able to bench press a Buick after this! 

Hey Guys - I'm not sure that I shared this with you guys, but a few weeks back there was a great 3 page feature article in a magazine called REI Voice about me and BiggerPockets that I thought I'd share with all of yo...