BTW, you're going to get more bang for your buck with multi-family vs.

You'll have to modify your approach as you mature in the process.

Going at any business with a dollar requirement to be met isn't a good approach as there are business cycles of start up, growth, maturity and decline that effect the income generated.

They may have a specific house to do and pay you some bucks to do it.

Why wouldn't owners simply rent the property themselves and save the few extra hundred bucks you're making?

Please contact me i'd love to build for you millions of sqft at $350 a foot in LAIf you want to not know how much it really costs to build ask an architect or a GC from LAThese guys are: either scamming you, don't know what they're talking about, have always worked with union wage co or/and have always been scammed and think that the rates they have been working with all their life are the only thing that exists out thereYeah sure, pickup the phone and find a builder on yelp he will tell you i can build that cape cod piece of crap for 350-600 a footNow, my LA update 2019:construction prices have significantly increased in the meantime this post was startedNowadays, the average joe can pick up the phone and have an average V home built for about 250 - 280 bucks or a foot including hardscape and landscape in LA county if he's looking a bitAn architectural home with steel frame, precast concrete etc could run 300-400+ but no one here on BP is building $10m homes anywayA competent GC could likely build it for himself for twice less Prices for simple apartment building are about 250 buck a foot for scaled projects; a bit more if subterranean parking is neededNow, these are retail prices and the reality out there is that if you want to make money in the current market you need to look harder and be creative because at these rates you'd hard pressed to make any money on any deal in LAI'm running these numbers every single day and well positionned to tell you that many smaller developers and builders do upper end projects for less than 200 a foot and as low as 150.

Here in my fair city, I could have moved into the city proper and sent my kids to terrible/below average (public) schools or pay a few more bucks and send my kids to the best (public) schools in the state.  

My minimum for my deals is 500k... so I can say I got my 200 bucks worth LOL.But I don't advertise or solicite on this site for my business..

Instead my wife and I were in the world of a few bucks in the bank and owing about a million dollars after selling off all our real estate including our home.

The 97 bucks may be worth it to take some of the guess work out of it.