Soft cost, carry cost, offsite and fees/.2 = 10,000,000 Total Build Cost 40 pads= 250k per pad Cost [250k/$150 per square ft = 1666 sqft per unit] 250k per pad x 20% = 50k for land ready to build. 

It has IHDA soft loans in place that I may assume at acquisition.I'd love to talk to anyone with LIHTC experience in Illinois.  

Is it possible to fix a soft spot without having to re-do the whole room?

Better cabinets on market st off the 805, solid wood with soft close hardware.

@Brian Quo, when you say you will be negative $900-1000/month, does that include soft expenses like cap ex, repairs, and especially vacancy!

Keep in mind you need to account for soft-expenses as well such as Vacancy/Turnover, Maintenance/Repair, and Capital Expenses.

As someone who has been around here for a long time, when someone says something good (or bad) in the forum, I first go to their profile to see what they are about.I can soft guarantee that you will get better results by doing this.

One of the 800 economists who work there may have told them that since they decreased the M2 money supply by 4% over the last 2 years and currently now growing at only 1.26% not the pre-covid 6%, that they have stalled the plane, so forget the soft landing, get ready for some CHOP.

MF's are too soft these days bro.

If you bought in 2022, it doesn't look like they could be underperforming, it looks like you 1031'd into a soft asset that wasn't going to cashflow and now you would like it to cashflow.