The target rate I often see on syndication sites is around 15-18% IRR (and sometimes higher for new development projects).

I have worked as a commercial project manager, have done live in flips, and have built my own house but I have no record as a builder.

My partner and I are both in the Idaho Falls area and the project is in Nebraska.

I think it's hard to miss with beach towns, but you just need to keep up with the politics of such places!

https://timesofsandiego.com/politics/2024/10/29/residents-of...It seems the owners should have known the risk, but let’s assume they did know the risk but also knew the precedence of assistance for climate related impacts.  

I on one hand focus on local politics, because I can have a relationship with my state senator, assembly person, mayor and city council people. 

Buy in super small towns and they may not have a plumber, electrician or HVAC person who even wants to visit your project?

You need your project to be ready to rent by mid to late Summer; otherwise, you can cost yourself by either a bad renter pool or several months of vacancy.The Twin Cities are too big to properly answer your question.

We want to make sure you're profiting off these projects.

We saw neighborhoods revitalized when the city allowed for more mixed-use and multifamily projects..