This project turned out really well and this home will be around another 50+ years What made you interested in investing in this type of deal?

I was projecting to sell at 280k which was the low side of the comps.

It takes the right borrower and the right project. 

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Hi AllI have• 102-Unit Multifamily Redevelopment Opportunity Just East of Downtown Phoenix• Plans Are Approved & Project Can Be Delivered“Shovel Ready” to Allow for a Turn-Key Redevelopment ProjectOffering Price: $4,750,0002.08 Acres | 90,605 LSF$133.08/SFTotal Planned Units: 102Year Built: 1953Does anyone have interest ?

It seems these inevitably run into problems as the investment projections are not met, loses begin to pile up, SEC compliance issues are ignored, and numerous legal actions are instituted against the sponsor.   

For a lot of things you can just look up material costs and assume the same for labor. 50% material and 50% labor holds roughly true for the entire project, at least for me here in Milwaukee, your labor cost will probably be higher in the Bay Area.100-125k spread would be tight, even for me here in Milwaukee.

Use conservative AirDNA projections (e.g., 50% occupancy, $1,000/month net) and factor in cleaning, platform fees, and utilities.

Franklinton is undergoing rapid transformation, with developments like The Gravity Projects, new breweries, and an expanding arts district driving change.Safety and Future Outlook:Increased Investments: New developments bring better lighting, public spaces, and infrastructure, naturally improving safety.Community Growth: More residents and businesses create activity, discouraging crime and boosting the neighborhood's vibrancy.Police and Outreach: Enhanced patrols and local organizations address crime and substance issues.While challenges remain, ongoing investments and gentrification make Franklinton safer and more attractive.

(Which is just a hallway/ staircase plus the basement where the laundry is as it is a 3-story rowhouse walkup; right now there is no HVAC at all - it is a large rehab project.)5) Are there any discounts for leasing fees usually if the agent is leasing multiple units?