I grew up in Minneapolis..a true Midwesterner-maybe that's why I am so soft...lol

Have soft commitments for more money than you think you need...the reason for this is that a person has a 100k ready to invest, that money may be invested in something else by the time a deal is found.

Your soft costs are a little low.

@Sandie Toaster do you know what the numbers mean in your soft costs. 5% vacancy is saying your tenants will stay an average of 20 months.

The numbers on SFR in Pulaski County have trended toward softness over the last 3 weeks but are still buoyed by low inventory.

This includes hard and soft costs, land, permits.

@John Cameron can you expand on the cost of this 5-10 unit, it may be easier just go friends and family call it a "soft syndication" It will eliminate many of the legal hurdles associated with the process, get you acquainted or use to regular reporting to your investors, standard process and procedure for distributionIn summary I wouldn't say there is a minimum it just depends on the size of the deal and what results or expectations you have From personal experience anything below 100 units or $5m I am likley taking down without syndication or with "friends and family investors"

Just wanted to make sure you accounted for your soft cost, vacancy, repairs, capex and property management.

Is it fast food, soft goods, hard goods, medical?

I'm paying $180 sqft with 10% extra and soft cost but my partner owns the construction company.