In my market, I could easily get quotes ranging from $150ish-$500 per foot, depending on the contractor, their team and specialty and how much of a sucker they thing I am. 

Rookie investor here looking to purchase and house hack my first property in the Charlotte, NC market. 

@Sam ChanI know of an off-market tenant occupied portfolio where they're willing to sell individually for 5.99% to investors. 

If not, you can likely request an additional amount to terminate your lease, for your extra trouble in finding a new place, especially if rental market is difficult where you are. 

We will need to verify the rents can support the mortgage payment, via a market rent 1007 (if the property is vacant) or a lease agreement (if tenant occupied).

Please Please Please send me all those off market deals that I can buy like this and also BRRRR.

If you know the game and are scaling up, I would go straight to a 4/5 bedroom. 2 and especially 3 bedroom homes are the doldrums in most markets.

To your knowledge, you think oceanfront studios are also profitable market for STR?

And in your market the lot costs are so low you need to pay cash for them and may still need more equity/cash.. in higher priced markets were the lot cost might be 40 to 50% of the total cost to build you can get a land advance but your still going to need equity/cash to do those as well.so thats your mission find a captial partner.. or put a syndication together to raise the money and partner to build out the homes.. really going to depend on what kind fo NET NET NET profit is on each home after land a build costs. 

I have a guy I can recommend, I’m in Virginia Beach / Hampton Roads market