Published at Thursday, May 03rd, 2018 - 01:38:35 AM. . By .
Once tenants move in, they pay minimal rent and utilities (e.g. $300 a month rent for a 300-square-foot home and an estimated electric bill of less than $35 per month). After three years, tenants are offered a contract to rent to own their homes within four years. This lengthy process is designed to help residents become disciplined about bill paying and the responsibilities of home ownership.
He decided to build a spec house (for sale) in Santa Paula, California because land there at the time was extremely cheap. His infill lot cost $40,000. He purchased Plan 48-516, shown here, which is 28 feet wide.
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