Purchase price: $310,000 Cash invested: $18,000 First home/ Investment, House had a studio built on it.

I understand getting the property and house built at the right price is critical Any tips and tricks are appreciated. 

We’re having an investment property built that we are planning to live in for a while, build equity in and then sell.

If I built 5 houses in a year, the money all went into one account.....there must be something I'm missing here....?

.#1 destination for CA companies leaving the state.You might remember billionaire Ross Perot who ran for President, built two multi billion dollar computer companies, and also was a billionaire land developer, says the best way to make money in real estate is to buy in the path of progress.

@Spencer Herrick like most of the folks said here, it's about your team and being sure you have a solid due diligence process in place...no need to see a property in person if the property meets all the criteria on your due diligence checklist...the first 35 checklist items are crossed off in the first 3-days of due diligence...One thing you have to remember is almost every existing and new structure in the country was built by a professional developer that met strict requirements set by building codes...properties can have issues, but almost anything can be fixed...overall SFR and MF homes are incredibly durable.

I am sure there are much smarter folks that can tell you why but I have not seen a complex that size built in okc in the past 40 years or so that I can think of.

Rather than allow more units to be built, legislation was forced on the type of tenants and tried to solve a supply issue with legislation.

If this is in a complex by the country club, there are a couple of complexes near by and each one are decent complexes, but they are competing now with newly built ones and a future development that will add about 200 apartments.

These are required:Rental AgreementSmoke Alarm / Carbon Monoxide AlarmMold & Mildew AddendumSafety AddendumSecurity Deposit Addendum + Notice of Security Deposit RightsMove-in Accounting (Portland)Condition at Move-in (Portland)If the property was built prior to 1978 you'll also need lead-based paint disclosures.