Your returns could be increased if you are willing to rent it by the room to individual students. 

I doubt you'll find a MF that you can get into for 40-45k that will give a similar return that isn't in a terrible neighborhood.

Does anyone know, or have a good idea, about the difference in returns on entitling & developing the land for each scenario, with final objective to sell to a builder to build and sell the structures him/herself.  

I feel confident we will have it occupied and possibly at a higher return than anticipated at closing.  

However, this may also affect returns and management burden.

At this point, instead of continuing to pay the interest loan payments on properties that we will never be able to financially finish since the rehab loans will not cover the actual cost of the rehab, I wanted to know the ramifications of returning the properties to the loan servicer, deed in lieu.

Even if you all used the same app, your insight and experience allows you to make a better offer.Personally I would probably still use a spreadsheet just because you can customize it easily and it can do more if you need it.

Returns are great if you get a good area and build a solid team but thats going to take some leg work in picking the right people that see's your vision. 

-LTR we have 60 days to return the SD. 

You can easily calculate the price you would pay without the exemption by looking at the gross tax bill that was just run for 2024.