I have the ability to get these units built at very favorable costs and there are no real comps I can find so I am at a loss for planning my development strategy with regards to the size of loan I could reasonably get.This will be my first project and my partner's third but he self-financed the two others.

They are always publicly posted on our website, in the events here on Bigger Pockets, and on Instagram.Look for Zen and the Art of Real Estate Investing in the events for NJ here.

That 1000 can turn much bigger with vacancy and unexpected repairs.

Some bigger groups switched to Net15 over the last 5 years even having a hard time finding subs that can float that many jobs for that long.

Hello Bigger Pockets folks,I’m an early career professional mechanical engineer (~8 years) hoping to learn the ways of real estate investing and make the ultimate pivot.

(not all debt ever reports to credit bureaus) They do not know that the tax returns will show the income or loss from the LLC, and that there are about 4 different reports other then the credit report that underwriters use to find undisclosed debt. 

It's bad enough not to meter a duplex - anything bigger is absolutely absurd.

I mean both of them have not asked for capital calls or said they were forced to sell at a loss.. 

Often the equity partner has a lot more risk in the venture (losing all the investment money) where the work partner could walk away with the loss of time and effort.

Keep in mind that passive losses from rental properties can only offset passive income unless you qualify as a real estate professional.