Cheers   Both cap rates and cost per door are back of napkin analysis to see where the current numbers line up.

Although it also depends on your projected usage and average length of stay.

Also, for the experienced BRRRR folks out there, are you holding true to the 50% Rule on Cash Flow on each project? 

So on my Canby Oregon project 90 homes I did the PPM route with only 5 investors where I own majority and it is me that gets the bank loans etc and runs the project investors are all passive.

It’s easy to get caught in analysis paralysis when thinking of deals and opportunities and I cannot overstate how much having this book help me with my personal roadmap has aided in my journey.

Keep in mind a few things - many major markets currently have a glut of multifamily projects so you may be competing with large apartment complexes with amenities offering incentives in a competitive market. 

When I'm analyzing a deal I want to know projected income and expenses.

Most my clients tend to be out of state, high income individuals that are looking for a great return and not looking to spend 200 hrs on the project themselves.  

I'm currently developing a project in Western MA and still looking in Central/Southern VT.  

You can dig into cash flow projections, tax benefits, ROI calculations, etc.