The structure we landed on was as follows:- Fixed Builder fee of $300k (each project varies but are 2-6 units, and 5,000-9,000 total finished sq ft)- Fixed Return on all my initial capital invested of 50% (plus return of 100% of initial capital)- Remaining Profit Split of 60/40 (60% to me, and 40% to him)I understand a lot of this hinges on how accurate the proforma is and how close we can get to actually hitting our development costs estimates, build cost estimates, and sales per sq. ft. estimates.

I had an Airbnb approximately 2 years ago and it was a huge success.

I'm thinking something that could auto populate industry average estimates on time for certain tasks based on the inputs of the work. 

This is still a few years out and there is an estimated 2 billion going into this project. 

Yes, he said March renewals were good but is estimating of his 8,000 families renting about 15 - 20% won't be able to pay their rent for April.  

IRR estimates are extremely sensitive to the exit cap assumptions.

I am approximately 85% of my way through the prep and am about to buy the land to start the build.

.- thanks   1) on the  1st mtg  refinance proposal at 4.1%  -  sounds like they are  offering you the  higher note  rate  so they can  absorb  some of the closing costs .....make sure you get a loan estimate and  review the details about them picking up all costs  ( titel / escrow / recording /  credit  etc ...)    2)  also  check the  index / margin and  caps   on the new  loan  offer   and  compare these to the  present loan  details  ...if you  keep this loan past the   rate/ payment  adjustment  period - you want to make sure  you  are aware of  how the ARM  can  change   3) the offer  to  do  " free  "  refinances in the  future  is  no  big deal  beacuse  any lender  can offer this  via  a higher rate  to  absorb  all costs 

If a Cost Segregation Study had not been performed on this $595,685 single family home located in Miami, FL, it would have had first year depreciation of approximately $22,000.

@Chris Martin thank you for the reference and approximate association to national rates.