Posted by Jack-e on December 08, 2009 at 16:52:56:
I have not run across anyone who has ever built a new house from scratch for the sole purpose of having a long term rental. There well may be those who have, but I cannot see the that the financial gains would outway buying one in today’s market that is already built? Why do you want to do this? Keep in mind nobody gets wealthy from strictly renting houses. The real money comes when you sell it for much more than you paid for it, if you can. What is the gain and how would it out weigh buying a already built house at today’s low prices? Also, what do you mean by no cost to you? Do you have a benefactor that is going to pay for it? I know this does not answer your questions, but maybe you need to rethink this whole project? I,for one,will be interested in your answers.