Tourism keeps short-term rentals booked, while long-term rentals offer solid returns at a lower price point with steady demand.

The problem is that it is not that easy to find properties that are priced right. 

Can't beat that price   

A lot depends on your entry price and instant equity. 

But due to Covid price is double    Buy your miscellaneous at the super Mercado or Asian stores.If you don’t join one of the clubs  Ask your grocer to order 50 bags of potatoes.  

Quote from @Devin James: Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball build larger homes. average new build in our market is 2200 square feet, 4 beds, 3 baths, 2 car garage and sells for 515k. construction costs lower if design is good and find the median or average home sale price and push that up. my guess is you built too small. 347k is cheap. we target 429-479k price range in columbus ohio for single family homes and also only purchase close to urban core where premiums are 20% higher and we build smaller like 1500 sq ft where price per square foot goes up. 

I'm looking at monthly cost to seller vs. anticipated rental income, purchase price relevant to the ARV of the area and interest rate, balloon, etc.

(wisconsin)How can I best position myself in this deal where the lender is comfortable and we have a solid prefab, but also workable to where I can keep my sale price competitive and build costs down.This lot is within spitting distance of the lake.

Yes you have to pay but few dollars per transaction is a small price to pay for the ease and convenience

Hi Erica, what I've notice is that high-quality (high-priced) washer and dryers don't out perform other based price models in rentals.