The COC was already a slim 4.5% and now with the above corrections to the OM, it's an embarrassing 2% or something.

Once you're in Florida, driving for dollars is one of the best way to get leads on a slim marketing budget.

I did see some clever wall mount units that are pretty slim, I think those could be a good alternative too.

@Adithya Y.I recommend before venturing into this to team with a local developer as development is no easy task especially in today’s environment, also if you are looking for financing it will be difficult and you will have to spend considerable money up front prior to financing.Also if you want that many units and 8-10 parking spaces 4,000sf lot seems very small.Lastly chances of getting a lot rezoned for your specific use are slim to none in a major metropolitan area

If the return is very slim at 3-5% down financing, I would be cautious going that route. 

We considered doing a BRRR but the margins there are also slim.

Deals are getting slim on the MLS, when a deal pops up you need to act quickly before anyone else.

Bloomfield has some options in the $400K range but they are slim and need some work.

The chances of you keeping that loan for 30 years or even 10 years are super slim.

Or on the slim chance she can qualify on her own should I just gift her the down payment?