Have you looked up the previous new build lots to see how much the builders paid?

Examples: 1) St.

For example you rent a room out for $1,000 a month here is still higher than renting out a house in Birmingham for $900/month and you still might have to put the same amount of money down (20%  in LCOL versus 5% in HCOL).I think that no matter what someone does, they can make it work with the right information.

I certainly am seeing a greater interest in both sponsoring bigger deals and partnering with capital for these deals in the Michigan market.However, for most investors, building wealth in markets that cashflow, like much of Michigan, and have value-add potential with direct investment and ownership is a proven path to wealth with less counterparty risk.To Your Success!

see the threads that @Michael Smythe posted.  

With my own pipeline, I could see the entire market through my own lens.

For example, they offer a very competitive $60 flat fee and a $500 maintenance spend limit.

This is something we are seeing more and more today.

If they see a relative's name giving you the rent payments, that will be another red flag. 

Let's look at the reality now and let's take an example in a market I know very well Mexico.