If it's the return you are more concerned with, you're probably looking at average 6 or 7 caps which may also be the case for many markets across the US, unless you want the higher risk that comes with 10+ caps like venturing into rough D class neighborhoods or go into markets that are much smaller, unknown, or worse  in population decline.  

I'm really curious to hear about your MFH venture.

Thank you so much for your help and guidance as I move forward in this venture.

Without any more knowledge than what’s contained in your post it’s an envious position to be in and there are a wealth of options available to you ranging from a joint venture to self performing on a new development to long term hold.The only people who will be able to accurately answer your question are a licensed appraiser or a broker(s) who specializes in land or commercial/residential properties.

That research and innovation has and continues to drive the startup community and to attract venture capital dollars from all over the country.

When you are running a commercial venture - and that's virtually anything that you sell to make money, including renting out property - your biggest risk, financially speaking, is from liability you may incur to others.

Good luck on all your future REI ventures.

If that's true it'd be mighty fine of you to not do any of the above and move on to a more legal business venture.

Still, the lease agreement does not allow us to build equity in the building.How does this lease/sublease sound as a venture for three first-time rental investors?

I'm an American (Minneapolis, Minnesota MN)The Intended DealAlfonso and I want to JV (Joint venture) a houseflip together.