re: Help me with a real estate investment situation

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How much is it going to cost you to demo the trailer and build the house?

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$3,500

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What’s the projected net cash flow on the house vs. the trailer?

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I assume I could build a 1200-1300 SF house for $100-$110K.
This would include self-contracting and a lot of sweat equity.
(Some framing, pulling my own electrical, insulating, paint, doors & trim, flooring, fixtures, etc.)

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How much could you sell the house for once completed?

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I would think after it's all said and done it could appraise for $165-$180k.

Rent for $1300-1400.

A cash out refi would be best bet for me.
80% of 180,000 (high end), gets me 144k. Net $34k cash.
Note for 30 year mortgage.
$859 + Taxes and Insurance. Call it $950/mo.

Net cash flow = 1300/$1400 - $950 = $350-$450/mo.

If I did not cash out.. Net cash flow is $675-$775/mo