Like others have mentioned, there’s appreciation, depreciation, leverage, and tax benefits that produce a compelling risk adjusted return. 

@Kody SmithYou mentioned syndication.  

The section references age in many places, consistently mentioning the end of the year.

Not to mention the upfront cost of furnishing. 

Keep in mind that BP Pro members will get 15% off the subscription price and $100 in in-app wallet credits for paid plans, as Jenell mentioned.

Key Deal Points:Loan Amount: $88,000Lien Position: 1st position Purchase Price: $120,000Appraised Value: $250,000Interest Rate/Return: 11% annual returnTerm: 5-year balloon (meaning the entire principal and interest must be paid at the end of the term)LTV ratio: 35.2%---Licensed Lending company for contractsRMLO package completed on buyersServicing company for payment You have not mentioned anything about the borrower.

A full schedule should be mentioned once the final plan and scope of work are discussed.

Quote from @Christene Martin: Hi Christopher, I am familiar with the NJ areas you mention.

At a minimum,  you should understand what the current zoning is and what restrictions there are.As the post above mentioned reaching out or going in person to speak with the planning and zoning department will be very helpful. 

Just like this new wholesaling law.. you will have many listen to wholesale gurus who will never mention which states have these regulations they may make a small mention about legality but they will take the money first and worry second about their students.