People seemed more on edge, there were worse drivers and annoying drivers who honked as soon as the light turned green. 

In light of current high rate environment, if you were an investor/developer, and you were about to start a 30 unit residential/commercial mixed use property (ground level a few shops, rental apartments upstairs), what percent of rate return are you expecting for your initial capital? 

Have you ever seen a proforma painted in a negative light?

I have been trying to talk to the sellers about the benefits of it for both of us but between work and ignored text messages it's kind of a struggle.To answer your questions:• I have done two light renovations on the apartments in the 3-unit that I own.• I'm expecting that renovation would take less than 12 months (and that's with me working a full-time job on top of it).• I estimated that the repair costs would be close to $10k. • My final plan is to rent the units as long and medium term rentals after refinancing and buying out the seller.• I do not currently have enough liquid capital on hand to put down 20% for a DSCR type loan.

@Randall E Collins  I believe Stuart was making light of how most approach syndications believing they are easy.

I had a terrible experience with them, mostly because I missed/ignored all the flashing red lights. 

Whenever I walk investors through the math then the light bulb goes on.

These must be extremely light rehabs, I’m doing what I would consider a very light rehab, with honestly maybe a minor step up from builder grade, 1200 sf, 1 bath house, materials alone are 25k

You can have the best security cameras, and lighting, but guess what-- the streets know when a house is vacant. 

Don't take it lightly and don't waste time looking for anything remotely conventional.