Hi,I have found an off-market opportunity in my backyard. great market, sfh, needs midrange rehab, appliances being the most costly, that i can see. 

The cost to join is nominal but well worth it.You might also check out the Best Conference in Salt Lake City starts April 10.LFI has a one day full day LP presentation the day before the Conference on Tuesday April 9.This would be a great place to start your search.Good luck.One word of advice is you come across a deal where the GP is promoting 8% cash on cash 20% IRR, I’d be very skeptical given the current debt market.

TLDR: If you're in year 4 of 10 and pay the mortgage off, your payoff balance will be adjusted to reflect the cost of buying a gov't bond that will produce the equivalent amount of dividend payments for the remaining 6 years (in other words, one way or another, the lender is absolutely going to get their 10 years of payments).

Home insurance won't cover a lot of system failures like electrical.Home warranties are designed to make the warranty provider money; they are slow to respond, quick to reject claims, charge you a trip fee for every visit, use the lowest-cost vendors that provide quick-fix solutions, and are generally not worth the paper they are written on.

Add into the equation the cost of materials and it makes sense that builders are finding ways to cut overall build costs and one of those ways is to buy land cheaper. 

Long term rentals is not working and the turnaround for airbnb is costly we are now charging tenants for electricity they consume.

We live in a low cost of living college town.

I'm wondering what is the current average cost, and seeking recommendations/advice.Ty 

Perhaps hire a property manager to handle the phone calls and factor in the (depreciable) window, kitchen, HVAC costs?

You'll want to consider full costs upfront and an architect + contractor team is helpful in that process.