I don't project that number going forward, as things will likely change with new construction, jobs, wages, etc.  

Second: When constructing an offer what is the general process for that?

In addition, for almost a year I have been working as a residential construction manager which has significantly stretched my knowledge on dealing with contractors, scheduling projects, managing job sites, and learning every step there is in new construction. 2 years ago (when I was 21) I made the decision that I wanted to develop a future in real estate, and every step since then has been building towards that goal.

Even more so through others constructive criticism of those posts.

It’s OK to disagree with a posted comment, but keep your disagreement constructive.

I currently work as an executive in the IT field and my fiancé works as a project manager in construction building skyscrapers and other urban structures.

In the process of talking to him he asked me if I knew he was a flipper and had (4) projects under construction.

In the over 30 years I have been working in residential construction I have found that your local building department is the first place you will want to consult with and find out if what you are proposing would be legally allowed.

I would also add 8% for PM even if managing yourself, 2.5% for CapEx and 2-4% for repairs depending on how new the construction.

Licensed p/c agent.As rates vary greatly from area, to construction, to tenants, there are too many factors involved that give you an accurate rule of thumb.What I've been using is $1,000 for SFR, $1,500 for a 2-4 family rental, and $2,000 for college student rental.I know that the rates won't be higher than that, so anything I'm off by is just gravy.