Keep in mind a few things - many major markets currently have a glut of multifamily projects so you may be competing with large apartment complexes with amenities offering incentives in a competitive market. 

Also, for the experienced BRRRR folks out there, are you holding true to the 50% Rule on Cash Flow on each project? 

When I'm analyzing a deal I want to know projected income and expenses.

I'm currently developing a project in Western MA and still looking in Central/Southern VT.  

Joshua Tree is a great market, and I’m excited to see how your project turns out!!

So on my Canby Oregon project 90 homes I did the PPM route with only 5 investors where I own majority and it is me that gets the bank loans etc and runs the project investors are all passive.

We drive two Tesla EVs, so if we count in the $ delta we saved from gas $ to charging at home, our projected ROI on the total system (~$40k post rebate) is about 8 years.

My other project years back was searching for active businesses to buy, at one time laundromats, many located downstairs in mixed use properties. 

I'm a licenced Broker and I also handle project management for flippers, contractors, etc.FEMA 50% Rule: ALL of the homes that exist in a Flood Zone have a 50% limit on work that can be done to repair them without bringing them into compliance with current flood standards.

It's essentially a business plan with a sample deal that portrayed the projected returns for my investors.Thanks, Mark!