From a purely financial perspective your cheapest money comes from your home.

I made a lot of money on the house, but probably won’t do it again especially since I am married now.If your reason is purely money driven (highest return on your money), then I would do an opportunity cost comparison of both options.

Retail end buyers are buying off of pure emotion most of the time and I believe the majority would have a bad association with buying a flipped house.

We have been able to turn pure rentals 20% down and 0% personal turned rentals into a great strategy that is building a passive income stream for us.

Good luck, ask lots of questions - this site is pure gold!

The next owner might see more value in the land in they can go either pure commercial or mixed use.But man I gotta tell you, this is a VERY speculative deal here with a ton of risk that you could get stuck with it.  

A RE license is one of those tools, just as is Deeper Pockets.To be, or not to be (licensed), that is the question (forgive my indiscretion, Bill).Reason #1: Pure and simple—ACCESS to insiders' knowledge.

It seems as though it could be a high price if you were to use it as purely an investment at investment rates.

@Ryan Tremblay, for 4-plexes, Owner-Occupier-Buyers are likely to have one big advantage over pure Investors:- they can borrow at around HALF of your assumed 6.5% Interest Rate (as well as not requiring as much deposit)!

I'd suggest considering not falling in love with prefab without considering on-site stick construction purely for the price difference.