The contractor also committed to informing me and getting my approval for any cost changes during the project.

Expect delays and unexpected expenses: No matter how straightforward the project seems, having a contingency fund for emergencies is essential.Your Team matters.

I’m currently evaluating whether to go with a Fund Model instead of a traditional JV for an upcoming multifamily project, I will be working as a developer looking to do work with a more experienced developer on a larger scale multi-family opportunity.

They can provide valuable insights.Run the Numbers: Create detailed financial projections for each property you're considering.

One of the most common mistakes beginners make is jumping into large rehab projects without having a solid team or boots on the ground. 

I had a whole Analysis typed out but my wifi cut out so I've retyped a summed up version.

I have one floor plan in my project that is set up for this.. out of 90 homes we have built  we only sold 4 of them .  

I am not sure what tools you are using for your cash flow projections but it's possible to have a property that does not cash flow year 1 but will in year 2 or 3 and so on based on average historical appreciation in Austin TX. 

There was one time when we assigned a sub2 deal and the assignee and seller did not communicate on the escrow analysis and mortgage payment amount change. 

since as part of the project you are going to need an architect and civil engineer, I recommend starting with them and ask them who they have worked with for zoning.