I am a Project Manager/General Contractor and would love to help you with my contracting resources. 

They’re simply projecting their own incompetence onto you.

What numbers are you projecting for an LTR (use BP Rental Calculater!)?

Assets identified in this study include:Appliances: Dishwashers, refrigerators, and ice machinesInterior Finishes: ceiling fans, flooring and decorative wall treatmentsFurniture and Fixtures: shelving, counters, mirrors and cabinetsSpecialized Equipment: diagnostic machines and hydraulic liftsSecurity and Communication Systems: key card readers, telephone connections and security cameras30% of the total depreciable basis was classified as 15-year class life.

I'd look at crime rates and I'd also look at multifamily supply projections to see how many units are expected to come online in the next few years. 

I’d recommend starting with local value-add deals to get a feel for the challenges of managing rehab projects.

But this was a project.

It takes the right borrower and the right project. 

@Harsh PoshtiThis will be dependent on the area and I would recommend you perform a market study to determine which project would yield better results and if either is even viable.

Congrats on your first project.