I really appreciated his response, and took detailed notes.

Here's a detailed guide on how to screen applicants: Application Screening Guide

https://www.realtor.com/realestateandhomes-detail/1852-W-Jef...

It never hurts to get re-advised on such things so I really appreciate you getting back to me with such a detailed response.

Thanks for the details on the rental program too.

A total cost of 6.3Mn over 23 units equates to 274K/unit...this appears unbelievably low for San Diego...I'd want to see full development budget detailing hard, soft and financing costs as well as month by month projections showing construction and lease up cash flows.What's the 2.2Mn purchase price for?

Hi Nate - It'd be worth asking the lender for a detailed breakdown of closing costs for this program, as well as an estimate of the interest rate you'd get with today's rates (they'll probably need to pull your credit to do this).

In general I think you need to give a lot more detail if you want good detailed feedback. 

My realtor found the city building inspection report which details that the unit needs to be de converted as it cannot be brought up to code.

The question comes with various customized details but it's the same answer over-n-over again, to such a degree that answer-burn becomes a very real thing.