I would plan to sell in 5 years, hopefully before any capital expenditures, which would net me $33,448 per unit (taking into account the negative $68 cash flow per month).I know this was a lengthy post and I appreciate you all taking the time and sharing your thoughts.Thanks,Matt

Thanks Matt, good advice, I've heard of people doing that and being able to target certain audiences but have been reluctant to pursue it due to low success rate I have read about 2-4%.

I agree with Matt Dorsten.  

@Matt Dorsten Interesting project, I have considered something similar in the past.Some questions:- What do you estimate as the raw land value if it were scraped?

@Matt Leonard I don't buy based on the 50% rule.

It lead me to this site where I plan to learn as much as possible and network while I form my LLC and explore the local real estate.Sincerely,Matt

@Matt KatsarisWelcome to Bigger Pockets.

Originally posted by @Matt Lennander:I mean you could always take a nice weekend trip for $500 and still have $27,000 to invest in a new property ;-)I agree with Brian, but I never count on market appreciation.

Originally posted by @Matt S:I am purchasing a SFH that is already rented.  

@Matt Good, Let me clear up a couple of things for you.1.