We are getting a terrible return on our equity but I guess that happens when you are hovering around a 50% global LTV. 

It'll be easier to start with a turn-key property, but if you have a good contracting team, a value add will typically offer better returns. 

If we sense there is a red flag, were asking them to upload additional documents like tax returns w2's etc.

I bring to the table my full expertise in project management, construction, and deal sourcing, along with the knowledge I’ve gained working tirelessly in this industry over the past 3 years.My vision is to dedicate the next 10-15 years to real estate development, growing projects that generate significant returns while delivering exceptional results.If you’re interested in learning more, I’d love to discuss how we can collaborate.

To maximize returns, ensure compliance with local regulations, prioritize owning the land, and offer student-friendly amenities.

I would lean towards recommending that you pursue the deal - plus having the property remain in your family may be a net positive for you and your extended family regardless of the ultimate financial return. 

Overall it is still a very good city to invest with solid returns.

Investment: $124.2K; ROI: 73%/year; 10-year equity: $1.46M; Total cash return: $1.45M. 10-year equity multiple: 10x on $124K investment.

As mentioned by @Chris Mason, Bridge Loans: These short-term loans can provide immediate financing until more traditional financing becomes available or until the property stabilizes and becomes more attractive to lenders.Interest rates and stipulations may be a pain.Out of the box here and requires a few more research, SBA Loans: Small Business Administration loans can be an option, especially the SBA 7(a) loan program, which can be used for hotel acquisitions.I heard someone  mention - Mezzanine Financing: it involves a combination of debt and equity financing, which might appeal to some investors looking for higher returns.

Hi Tom,I love crunching numbers and thinking about returns.