This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

Think fix-and-flip properties or land development projects—things that don’t fit the cookie-cutter mold banks prefer.

While you might find a lender offering low down payment options, you'll still need cash reserves for repairs, maintenance, emergency fund (ideally 3-6 months of expenses), etc.

Ideally I'm looking to get into flipping so I can build capital first but like I said the deals are few and far between in our area.  

Ideally, my goal would be to get $40-45k equity back out.

Research led me to a couple of videos of former ND players coming back to build development into the area.

Since then I have developed my programs and brokrered over 250 deals.

That is less than ideal in some ways as well. 5.

Hopefully, based on actual field measurements, past project data, and estimating software, your contractor can develop a detailed estimate that lays out the cost of labor and all materials for each phase of the project.

My cash flow calculation is based on accurate and ideally conservative underwriting that includes all expenses including maintenance/cap ex, vacancy, PITI, book keeping, asset protection, misc.I would never bother with a unit for pure investment that was projecting anywhere near as little as $300/month total return.