lot 70k  vertical 190k  soft 20k  280 all in  350 sell price Net 70kIf we never got any of our cash back until the very end of the project this is a 82% apr on the original 500k invested. we borrow from bank at 6%.WE don't have accelerated lot pay downs ( Ie own last lots free and clear) so we will get lot equity prorate as we sell thereby increasing our yield substantially.

My husband being a nice person had a soft heart to thier reasons on why they couldnt pay rent that month, and let them slide.

First off, there is nothing soft about that ball and folks, girls can play regular baseball as good as the boys!  

So that being said you need to look at your market and assess how strong or soft the commercial niche you want to be in is.  

Thanks for the information, as far as the financing issues you bring up I believe that I will be able to get around the 4 property soft rule that many lenders have.

Based on your #'s you are buying at 77% ARV and you will most likely not make 15% by figuring only 8% for all soft costs and closing costs.

A developer would have to model out the land acquisition costs, hard costs, soft costs etc. to see how it would pencil out.

out of the 204k 37k were building permits. 3 k for plans and other light soft costs 4500 bank fee's and interest..

the way I envision that …during the attorney review I could draw the layout of the house and input what needs to be changed …the soft should tell me how much insurance would pay for that ..that I think might have something to do with how much I would pay for the material (?)

Not all have the soft skills needed for effectively working with tenants.