Cost will include purchase price + Rehab cost. 

Purchase price was 250K and rent was $2225.

The price points are enticing, but I don't know much about HUD home investing.

there's no buying a BRRRR deal with $0 - you need cash to buy, and then you need cash every month to pay the holding costs and service the debt during the rehab.lots of things are making BRRRR tough right now, especially the increase in interest rates and the fact that prices have leveled off. if you did a BRRRR in 2020 and just waited 12 months, prices would go up, and that would help your appraisal. that is not the case anymore. other factors are making it difficult too - there is lots of competition for deals, both on and off market; lots of good contractors are booked up; and lending has tightened a little, and it's harder to get a higher LTV.so just to be clear: -BRRRR requires lots of cash - it's way more cash intensive than portrayed-BRRRR is not a cash flow strategy - you will end up with a break even property-if done right, you'll wait 3-12 months to get some (or close to call if you really crush it) of your invested cash backI know this wasn't your exact question, but I had this typed up for another thread and thought it was relevant herehope this helps

What is the ft2 price? 

Purchase price of $320k for max of $2000 a month in rent?

We are in the Seattle market, so reality is that demand so significantly outweighs supply that on new construction you aren't really at risk of not selling, its more for at what price per sq ft it will end up selling for.But one mechanism build in is that there is a $100k buffer where he will hold at least $50k of his build fee until after house is sold.

Greg ty so when I will finish my renovation including the new roof I will put there so the appraiser will count the new roof with his apprize price correct?!!

With that being said, if priced right and you screen your tenants you can have a successful rental in most areas of Palatka. 

When there is no realtor involved, it could be fine, but it could be disguising the fact that there would be fraud going on or that the purchase price doesn't equal market value (i.e. two related people selling a property one to another at an inflated value, etc.)