Apparently, they were doing ok in the residential space, but competition was making it impossible for them to meet the expectations of their venture capital backers.So, they asked me to walk them thru a commercial deal.  

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Here is what I know-$250k Strong (my client) = 1/3 = 7.33 Units Each$250k Elena/Investor = 1/3 = 7.33 Units Each$250k Mike/Builder = 1/3 = 7.33 Units Each$250k Investment = Profit $2 to 3.3 million.Purchase $2.2Build Cost $4.1Total Cost $6.3ARV = $12 to 22 millionProfit = $5.7 to $16 millionConstruction to take 18 monthsI am meeting with a lender and the developer, Mike today.

However, we have a lot of questions about pitfalls and unknowns especially with older properties, or if there is a better investment strategy since cash flow properties in our area aren't meeting the numbers we are looking for.

If I'm buying an investment property and the current tenants dont meet my screening criteria I need to know that up front.I usually assume that the current tenants either weren't screened or don't meet my criteria.

@John Geldert, I would be interested in a meet up in the Pocono’s,  I also think a zoom option would be good.  

One of our biggest clients plans on building more up there and meeting another GC or two would certainly make sense.

I am looking forward to meeting new people and learning about REI.

It takes time to meet people and get deals.

They spent 1K on them from upwork and it helped resolve concerns in the meeting real time with some neighbors had who were just picturing the project their own way which was completely different than what the emerging developer was proposing.