We're largely looking at value add projects (aka BRRRR **cringe**) so that the vast majority of capital is coming out once a refi is done.Not vanilla, obviously.

Certainly nothing ground-breaking in terms of ideas here, however I'll be very hands on (and on site) during the process to make sure that every step of the way is executed to a high standard and very carefully.Once I've hopefully developed a successful track record and gained experience, my next goal would be to move on to commercial assets (think multi-family, industrial etc) so that I can leverage my existing investor network and real estate knowledge to raise 3rd party equity and take on bigger projects.

If there’s specific projects like electrical we get a project specific estimate after we put it under contract prior to the earnest money going hard.

What ROAS are they projecting?

Projects that may not make sense for some, will make sense for you if rehab cost is at 70%, comparatively.

The guest house has STR rental history but the other two units would need to be based on projections. 

What I have are the rents of the 3 tenant occupied units, the owner supplied projected rents for the other two units and a hokey formula on parsing out utilities for the units that are not separately metered. 

@Preet Oberoi - that really is basically impossible. 

Our third partner, who has experience with smaller projects in Detroit, also finds this endeavor overwhelming.

What kind of ROI i should look at, considering project completion will be 3 years roughly?