So really to have a higher chance at success you should have both money to put in the deal to lower your leverage AND money on the sideline to cover those potential cap ex projects. 

Their first project...a neighborhood of single-family homes...yielded a steady 8% ROI in its first year.2.

A good GC is essential, especially for remote projects.

Existing deals will instead be saved by NOI growth driven by rent growth--if you have the staying power to hold on long enough.Supply:  High deliveries remain today mostly because of "hang over" from projects that are taking longer to complete than developers (and industry analysts) expected. 

On paper, it looked brilliant..cheap money, quick turnaround, and a profit projection that made his eyes light up.It taught me that the real risk isn’t just the cost of capital, it’s the predictabilty of your exit strategy.

I have around $130k in this project so far and am worried that I am going to have to take a huge loss on this project. 

Anyone here tried an SB 9 project yet?

I graduate in may and I am projected to play professional baseball after the MLB draft in July.

Try to get some experience by helping your friend with some of his projects.

It would be a rare new RE investor that could hope to have taken on this project without partners with experience.My point is investors in different stages of life and experience have different criteria for their RE investments.