The seller data is useful but it must be evaluated within the context of your own investing knowledge and experience.A local property manager who manages similar assets can also provide useful data.Use your local market knowledge and experience to develop a proforma you feel confident in and proceed from there.Arn

The key is to show your intent to hold both old and new asset for investment.

If the project were to fail, the lender has recourse not only to the property but also to the personal assets of the guarantors.

AirDNA and Rabbu are both great tools but in this instance a good realtor is your best asset. 

How about "Beyond The Pro Forma" - Hidden expenses and revenues/opportunities as you operate/asset manage a property....

From what I gathered, most folks getting to a million that are younger are in a random business of some sort, then placing money in RE assets.

Even if appreciation is the same across the board, 3% appreciation on $1M asset or $3,000/month rent is a higher dollar amount than something on a $100K asset or $1,000/month rent.Between my house hacks and partnerships, I'm up to 15 doors (including my personal residence) where the last time I did a down payment was in 2015.

Thus you have spreads increasing (widening) even as rates are moving down.As I'm sure you're aware, the 10Y treasury somewhat tracks the 30Y fixed rate mortgage rates because the average duration of those assets has always been around 7 years (i.e., very close to 10). 

The cost segregation will analyze the property to find assets that can be depreciated faster than 27.5 years.The accountant you work with will be able to help connect you with a cost segregation specialist.The most difficult part is completing form 3115 which will also calculate the 481(A) adjustment.The 481(A) adjustment is the difference between the correct depreciation calculation less the actual depreciation taken.

Currently the entire project is being funded by our own cash and we are looking for financing options to pull out our capital once our asset is stabilized.