Then you can best Guage what a similar property could earn.Then you need to estimate your other monthly expenses to get a good Net number.

Seller is being in mortgage and houses in that area at $450k estimate. 

I'd get another estimate to confirm numbers

They completed our project 6 months later than they estimated – during which we saw the market cool and interest rates rise.

They can just go to Airdna and check how much money the average short-term rental in Punta Cana makes and they'll have an objective answer.Finally, I'm getting bombarded by messages from Dominican developers building short-term rentals in Punta Cana so, when looking at the statistics, bear in mind that the supply and therefore competition is going to increase significantly.My dear friend, due to the tourist, real estate and industrial development, there are approximately 100 all-inclusive resorts along the entire coast of Punta Cana, Bávaro and Miches, Grupo Punta Cana is the pioneer company in tourism and development of the Punta Cana and Cap area. cana, this same company is building the first and only Hublogistico in the entire Caribbean, guaranteeing thousands of jobs not to mention that each all-inclusive hotel generates from 1 thousand to 4 thousand employees depending on the hotel, not counting jobs in the construction sector, airport, local businesses and also businesses to supply the large demand for food and products in the hotel sector, including the entertainment and art department of hotels.Since you mentioned that it is impossible to compete with an all-inclusive, obviously a 100-square-meter apartment cannot compete with an all-inclusive with 1,000 rooms.

I currently have approximately $100K in equity in my current home and can't decide what's the bast course of action to take.

Typically, sleazy lenders will keep repeating no points and show you a great rate, then when you get under contract and see the Loan Estimate you see that there is a 1% origination fee - basically the same as points just packaged differently.

We build cost plus, so our fee is set and the client/owner is responsible for the labor/material costs during the build whether they end up being lower, higher or right at the estimate/bid price for the bank.This is really up to him to do. 

When I give our bankers projected financials on a new development they get our best estimate.  

This house currently has no renter though they are actively looking to put one in the home.House 5. rents for $725/m the loan will cost me $13,000 as a down payment and $6,000 closing costs, and should cash flow approx $275/m after mortgage payment are made.House 6. rents for $725/m the loan will cost me $14,000 as a down payment and $6,000 closing costs, and should cash flow approx $250/m after mortgage payment are made.To be able to make this down payment I have the option to:HELOC my current home which cost me about $850/m in repayments OR I can find a hard money lender who would be interested in working with me, I am currently putting together a hard money lender proposal to show a couple family members that would basically look like this: No repayment in the first 12 months, all income going into an account to allow for repairs and emergencies, after that taking the cash flow and splitting it 75/25 to the lender paying it off in approximately 13 years, sooner if we can make extra payments on it and giving the lender an 8% return on his money(about .5% less than what I was quoted for my HELOC).ORI can potentially do a deal with my brother who is also looking to get into real estate and we split the properties 3 a piece.These properties are right outside of a military base in a low income city but have done well for the family currently owning them with consistent long term renters in them.I am looking for any advice as to whether or not this is a deal worth pursuing.