New Construction Single Family Rentals

1 Reply

I would like to build a couple single family rentals.  I have located a couple decent lots to build on in a decent neighborhood and a really good price.  I was thinking 3/2.  Does anyone have any sources for floor plans that you may have used in he past with success.  I think we get these  done for $100-$115/sf.  Current rent in the area is 900-950 with a very small invetory of rentals or homes on the market for sale. I welcome any comments or pointers 

Thanks

I recently built a 3/2, ~1200sf with 2 cg and started by looking at many small house plans online.  There are plenty of sites with many options...once i found a couple i liked that fit my lot and neighborhood, i marked them up with some specifics i wanted, then went to a designer/drafter and had him draw up a set of plans (that I needed to take to the city to get approved and permitted).  I did get a couple of quotes from architects but they were much more expensive than the drafter.  One benefit the architects offered was on site support during construction, but since i was acting as the general contractor and somewhat knowledgeable about construction, didn't feel i needed that.  We had just a few minor issues during framing that i was able to handle.  We were all in for about $106/sf not including land; rented it for $1275 plus all utilities.  

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