We have high taxes in CT, yet I'm satisfied with my ROI on houses that barely break the 1% rule.

In the Denver metro to Boulder there is no limit on pricing houses sell at almost all price points,the average new construction house in the metro is around $500k last I read - there is just not a market for the price point it takes to make sense in the smaller/lower priced areas.It says a lot about an area when rents are going up quickly and prices are barely following - rent of $1,100 amount buys a nice house in the areas you mentioned in Southern CO.

So you can see we are basically barely meeting demand, if that, as prices continue to appreciate.  

The numbers break down like this:Purchase price for land and house: $10,000Demo of house, tree cutting, land prep and culverts: $25,000Total appraisal value of all three houses: $530,000Total cost of construction/mortgages: $392,000The most beautiful part is I was able to buy land, build three brand new rentals and use barely any of my own money!

I will say this, paid for rentals are very nice compared to those that just barely cover the mortgage.

I have one property owner I work with that would be upset if anything beyond absolute bare minimum is done on the property at a turnover or maintenance request.  

I assume you want to have a completely new electrical system installed and paid for by the seller and you do not want the seller to come back with doing or offering only to do the bare minimum to make it legal and not necessary completely safe.

The repayment of the Down Payment at $60 per period even at 0% interest will just barely cover the down payment of $14k.

That is like taking a 5 pound weight and you are swimming and barely get above water for air and another weight that is heavier than before is added onto your neck until you go under.  

It also explained that only a few of the houses actually make profit and a lot barely break even or lose money when sold.