Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.

Suggest you get your game plan in place first then go forward once you have the goal in sight.

Im just putting deals together and working on finding a new project for myself.

It seems like you have some very solid goals of multiple income streams, and a well calibrated risk tolerance. 

I have them tell me how long a project will take to complete, and then I add buffer days or maybe up to 2 weeks, depending on how long / complex of a project it is and potentially accounting for weather if it is outside work.

On the flip side, the margins aren’t quite as high as with rehab projects.

I'm an experienced project manager with hundreds of cradle-to-grave efforts under my belt, including building project scopes and budgets, evaluating contract proposals, and managing construction to maintain the delivery of high quality products on-time and in budget.Penny is a licensed clinical social worker (LCSW), serving the community mental health needs of parents, children and families.We both recognize we have an immense opportunity to serve our community and want to capitalize on the blessings we have been provided so that we can continue serving our neighbors.My wife, Penny, and I are looking to transition into commercial multi-family real estate in 2025.

Pick a lane based on your strengths and long-term goals.

See the illustration below (click to enlarge).Goals“If you don’t know where you are going, you might wind up someplace else.”

I was wondering if you found a lender, and if so, how your project is going.