When pitching to a private investor, focus on the projected return, timeline, and security for their investment.

They will be able to guide you in the right direction and tell you if your project is feasible or not.From there, we hire outside consultants to take the plan through the approval process.

The main issues are: 1. gross revenue has been less than half the projections the PM initially provided and what is on AirDNA, and 2. gross revenue has dropped 30% from last year to this year despite me investing over $125K in improvements (new pool, new fire pit, new landscaping, new dog yard). 

With that being said, I am looking for some insight and help in developing my budget and plan for this project.

I would suggest always comping it on your own when buying it with HML and knowing the ARV before you purchase it but I originate both and most of my clients want to explore what the refi terms look like based on the ARV they are projecting.

I am a huge believer in that the actual Better strategy is being able to pivot and take what the market/numbers take you - i.e. at the start of the project, be open to Both (either a flip OR a BRRRR), whichever models out better for the individual project

You should calculate projected rental income and see how it compares to your monthly payments of $4,210.31.

Also, with your 10-unit in Oregon under contract, how do you see rates and local bank relationships influencing your future projects?

Just make sure you have a solid team and monitor the projects closely. 

I was going to attempt my first flip project out of state using a Hard Money Loan.