Once you get your systems down, you have a real estate business model that you can take to any market and be still be successful.

We also did many calculations of income and expense models over time, based on usage.

Our concern was more about the model being changed from a 4/2 to a 3/2 plus a den.

This is a good model but doesn't account for a return of the $500k your parents will contribute..For example if the property generates $10k per month with $6k in PITI & operating expenses the proposed return for your parents would be: $2k and $1k for each of the minority partners.

I know that you need the survey, you need to design what is going in the flooday, You need to design how you are offsetting what are doing to get a zero rise certificate, you need to get the FEMA floodway model and then have someone do the software run and make sure that you have zero rise and mybe tell you that you need to change more, but that seems to be mostly internal design and engineering?

I don't agree with their business model to do all that work and flip and profit $10,000 to $20,000 and that's before paying capital gains tax.

Use alternate rent models to maximize cash flow. 

Hi Cannen,Great to see other young aspiring people on this platform!

Typically, banks, funds, and traders will have an expectation or estimate on key economic data releases, often created through sophisticated, complex financial models.

We also did many calculations of income and expense models over time, based on usage.