Best wishes on this project Thanks man!

So many new REI get stuck in the "paralysis of analysis".  

Hey Mike, I’m a broker and investor here in Sacramento, and I manage over 100 properties on Airbnb for investors.The Sacramento market is very stable, we do a lot of midterm business, but we like to mix it with short term in order to maximize cash flow and limit gaps between bookings, or “orphan days.“ When can we see the project?

if you need $200K for a project, no one is going to loan you $200K - you need a down payment, holding costs, and you need to know what you're doing or you'll just turn that $200K into $150K.good luck

I also look at future development plans in the area, as new projects can increase property values and attract more renters.

This project highlights our commitment to high-quality living spaces in Columbus.

Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)

@Pixel Rogue The cash out proceeds should be for business purposes such as investing in another RE project. 

A project like that will probably take 6 months to 1 year, so what's your expectation for future rents?

I appreciate your thoughtful analysis.