It takes them forever to sign documentation and make decisions.

There is the inconvenience factor but it might be cheaper for you and your friends as well.

While the cost can vary depending on the scope, zoning, and materials, I’ve seen similar projects run anywhere from $50,000 to $150,000, depending on factors like plumbing, electrical upgrades, and structural work.If you’d like, I can connect you with a few contractors or architects in Chicago who specialize in basement conversions.

FLA starter homes were a bust just like you see posted by all these folks buying rentals right now in fla.. took forever construction costs sky rocketed so we made a few bucks and exited..

I've been in real estate forever and learning in the forums, and by comparison his platform has been amazing.  

., the 2006 or 2009 IECC — International Energy Conservation Code).Cost Considerations for a 90-unit or 112-unit Project:The actual cost of qualifying for the 45L tax credit depends on various factors, including:Energy Efficiency Compliance: The primary cost will come from ensuring that each unit meets the required energy efficiency standards, which typically involve energy modeling, certification from third-party energy raters, and potentially upgrading insulation, HVAC systems, windows, and other components of the building to meet the necessary performance levels.Energy Modeling: Typically, you'll need to pay for an energy consultant or engineer to model the building's energy performance and ensure it qualifies for the credit.

You clearly have factored this in already.

Investing in the market that you have knowledge of and the economic factors that support it is necessary. 

I'm not sure what yields Priti is talking about, but I know that after you factor that tax in, it goes way down. 

Closing costs are a necessary factor in any loan process and to be expected.