While you did point out the negative aspects of a deal like this, you didn't really highlight the pros on the RE side and future investment, appreciation etc.I’ve done two of these projects in the past 3 years in SoCal.

A couple of assumptions I see here stand out to me.

Similar to a checking or savings.

Then this could be provided to my lender to show coverage. 

Can you either rent out your current property if there’s been little/no appreciation, or sell it tax free?

My business partner and I just opened up our property managment company in the Chicago/Chicagoland area and it is not easy to do this the "right way".Honestly you can get yourself into some serious trouble if something happened with a tenant, an injury, anything and they sue and find out you don't have a license.

Because way this is framed it's conveying a lot of certainty of a 3yr out. 

Please let me know your thoughts and please poke holes in this idea!

Just wanted to check in and see how the experience has been in the second half of their build after slab?

$1000 per door is a grand slam out the parking lot home run!