I will have no problem getting the mortgage afterwards, I just have some other projects rolling at the moment that tie up cash.Thanks!

I golf, play a lot of softball, run most days, walk my dogs, do some real estate projects.... stuff like that. 

They will likely count your potential rent as part of their analysis and should give you a good idea of how much you could "buy" based on your situation.

I've seen a lot of this lately where GPs are offering outside investors pref equity to effectively "save" the project from foreclosure.

We have had a few walk through and done property analysis on several properties, but are not really cognizant of what we are getting into.

Quote from @Austin Wolff: As someone who lived in Los Angeles and also needed to invest out of state, I've dedicated my career to market analysis and selection, and I personally think you've chosen pretty good markets.

If your role is critical to the project's success, aim closer to 50-50.

Quote from @Jorge Magana: Nathan good afternoon; I'm about to do my first cost seg study for a new construction project we recently finished; would you recommend REcostseg?

Data Analysis: AI can process copious amounts of data, including market trends, property values, neighborhood demographics and economic indicators.

For what you are, I need to see a minimum 20% COC yr 1, based off real #'s not projected #'s.