The level of competition here has increased in western WA.  

I feel like in my area of Oklahoma we have some great ROI with the lower end of RE.

This way, your capital requirement is lower and you get some experience in developing a community while your customers fund the construction.The benefit to your customers is that they get to choose everything about their new home, design the perfect place.Win - win!

This led to our thinking that we could fall into the next best level of value.We had our first open house 3 weeks in and couldn't keep people out of the house!

The downside is that the returns are a bit lower but overall I think it's a great first property.

I can help you land properties at much lower rates than you could on your own based on a couple of methods and tools that I use to mine for deals.

The entry level market is very reasonable and taxes are low there.

However, 1. my calculated annual expense is lower than the listing agent's estimation.

When I told him my much lower assessment of the property's value, he offered to find me a lender who would finance based on the wildly inflated sales price.

If this one is lower than the other comps and you could fix it up to be comparable to the other comps, then it would be a good investment as you wouldn't be paying someone else's mortgage every month.