Also, I bought the thing for a decent price, and although it cost fully $100 per square foot to rehab and add square footage (from 950' to 1600'), the contractor is taking 10%, there is the feeling that I got some instant equity by having decent/modest numbers and not having to spend $25,000 on the costs of sale if I don't sell through two agents and the attorney and all that.So my question is, are there any thoughts on holding vs. loosing this property?

I've heard that the price per square foot goes down as square footage goes up.I'm seriously confused here, and would greatly appreciate some clarification.Thanks!

These houses start as brick ranches, 3 bedrooms/2 baths, and I will add square footage to the main floor and then add a second floor.

I had a primary exit strategy in mind, but due to the change in income, I’m considering changing course and would like some feedback to see which exit strategy works best for me in this situation.This commercial property is a 10,115 square foot multi-tenant office building in the Los Angeles area, which is positioned in a great location with great exposure.

I'm looking at my county's property tax records, and there are 1/1.5 layouts with 1500 square feet appraising at $209,000.

Kurt,Welcome to the community, your builder background is a great foundation to start with, some of us wish we had that firm footing.

I had a basement that would flood, so we dug down a foot around the house 10 ft out where most was coming from, installed some 6mm plastic and back-filled with a nice grade away from the house and haven't had a problem since.  2 guys digging for 6 hours.  

Houses will cost 85 to 100 a foot all in to build.My Wife is our Broker so we will keep that in house and try to sell as many as we can ourselves however it will be multiple listed with full BAC offered to procuring agents.

(but still using/tying up a lot of cash as well)This is a house in the Oakley/Hyde Park area, walking distance to the square.

Then I calculate the price per square foot and gross rent multiplier for each property.