. $180 sq foot for new construction will be challenging in San Diego unless you are very active in the work.Your profit spread is too tight.  

This is a weak offer in a multiple offer market with tight inventory.The seller has to agree to it due to the fact the property has to appraise at the higher price.FHA has a limit of 6%.

And of course I wear tennis shoes that have rubber grip bottoms. 

You'll want to have a firm grip on comparable rents because it could affect your financing options.  

We were capable of GC'ing it ourselves, however we were tight on time and didn't have the capacity to find subs ourselves. 

@Alfred Mills market is really tight right now.

Even tight markets have flipping opportunities. 

Keep them tight.

That makes it tough for an investor sometimes on a project where margins are tight. 

We are buying this due to the arrival of our new baby, so we will be at very tight budget after closing.