Especially if the original structure has "good bones".... 

The real design is in the site planning, scientific floor plan and the bones and meat that's underneath the skin of the house that actually makes the house comfortable to live in. 

It had some value add components to it so there was plenty of meat on the bone.

Finally had the board of supervisors sit down with her and correct her.  

Here is the latest example from yesterdayThis is how they advertise it, $180,000“If you’re looking for a great investment, with great bones and endless possibilities, this 3-bedroom, 2-bath gem in New Braunfels is it!

If you think about it, total engagement is $4000: if you back out an estimated $1,500 for tax based on Taxstra's quote, that leaves you with $2500/year or $208/mo for bookkeeping, which is a great deal (for reference, our absolute bare bones minimum is usually around $400/mo, and that's if you don't have a lot of transactional activity.)

Our old floors from my 1904 house was sanded to the bone to get the old waxy paint off.

Most of the “deals” have no meat left on bone except for maybe a long term rental hold after repairs.They ironically sponsor a lot of the meet ups I’ve been too here in DFW. of course they do they live and breath on newbies..  

Quote from @Brandon Robertson Quote from @Denise Evans: Do NOT sit by and let him build and then hit him up for a "better price."

However, if you studied these listings over time you might find they sit vacant on the market longer, get reduced in price, AND TURN OVER MORE OFTEN!