If your "estimate" works for you and your "high estimate" is still workable for you, then you can feel confident that if you use good project management practices that you can manage the project to somewhere between those 2 numbers at worst.

I live in the SLC area feel free to shoot me a PM to chat more. 

Rate drop predictions are largely a bunch of hopium from Barry, the MBA, and the NAR looking for a bailout. 

Quote from @Janeen Morris: Hi Jason,I know a lot about co-living, feel free to ask any specific questions.Sounds like you’ve got a solid plan for the building.

I have a more educated wallet and that makes me feel real good.Whether you’re a seasoned investor or just starting out, these lessons could change the way someone approaches their next deal.

Whatever it is, it sounds coolI feel you bro.

This seller feels like he has a good position to turn down people who need to finance.

Feel really bad for those who fall for it.

Feel free to reach out if you have any questions!

Can you easily add a bedroom without making the flow feel weird (i.e. accessing one bedroom by going through another) or taking away from common area making them feel small?