A good, experienced borrower can turn around even an unexpectedly bad deal.

Even if you only averaged 2.8% appreciation annually, which if you've had it 20 years I have no clue how that's true given prices have well more than doubled in that time, youre skipping over the fact that you have been benefiting from that appreciation on the ENTIRE house, not just the % you paid for.  

In rental income it break even with selling instead?  

I left them recently like many others have in the last 5 months and even though our money was technically an investment and a limited partner contribution, they refused to give anyone their money back even after stating numerous times they would give people their money back if they choose to leave. 

It is something I am interested in doing in the future, potentially even this year, but I am curious how to put concrete numbers to this decision.  

I've been following the build-to-rent method for some time and even lived in one for 2 years.

Every little thing in the project should be in writing, even down to the door stops :-) See my tile spec sheet below ...Two problems with your post though - 1) In my experience, most problems come from the customer changing their minds constantly.

But what you did accomplish is that now you owe $800 per year to your greedy state of CA, even though the LLC is formed in another state.

They could even hire you to do the work on the house and instead of paying you they could just give you a credit at closing.

You can attend all the REIAs and read all the books and sign up for all the conferences, and spend all the money, and you are will never really know you can do it until you do.Over 20 years in real estate in various forms and roles, action will beat out intelligence or education or even network 100% of the time.