I would be conservative and get a 60-70% LTV.

The purchase price was $93k and has a conservative ARV of $185k.

Huge decisions to make, and being too conservative will hurt you, and taking on too much risk with a newer family can do the same.

Alright, here is my understanding of the situation.ARV = 3.5M (Let's be conservative)Development cost = 2M Value of the land as it is today (If I got it correctly) = 1.5M of which you will own 40% if you pay 620k for it. 

I was conservative on the rents ,  could possibly be 1800 .  

In the beginning, you want to move from a conservative account testing the number of impressions on keywords, CPA, CPC, ad copy, etc...

We conservatively underwrite deals in MSA's that have job growth, population growth, and strong rental demands.

first you have to decide what you want to do in the note business.. what most of the responses are talking about is buying bad debt.. and 2nds at that which this is the most risky and the most work..if your looking for work and risk and job then that kind of note investing is for you.If your looking for Passive income with no work and Limited risk then you simply need to align with a great HML who takes on private clients or those that understand where performing notes are generated.. we have done over 1700 performing notes for clients that last 5 years and really don't advertise at all. simply because once you get conservative investors in your program it just feeds itself.. deal flow is the key right now.. most have a hard time finding quality. finding defaulted seconds is easy.. and the most risky. 

I would be much more conservative than that.I never withhold less than 8.34% (one month rent) for Vacancy.  

I had my eyes on a small 6 unit apartment complex that I originally thought was a great deal, but the more I analyzed it over and over again, the smaller the margins came out every time. I'm wondering how far off thes...