Although i do think there is more money to be made in RE than selling soap. 

We need the cash to mostly just tie us over untill we sell the property, so 150,000 is on the upper end; 80,000 and above would probably be sufficient. 

He will be selling the project to buyers once completed and not interested in operating.How should I evaluate this deal from an investment point?

Growing means refinancing or selling in order to acquire more assets.

When you mentioned selling and other investors being involved.

@Susana Alcorta, Howdy, you have a lot to consider, let me give you one man's opinion.Let's tackle the selling the home or not in Pflugerville.  1.  

Since then, we have been dedicating our time to learning as much as possible—reading extensively, analyzing potential deals, and listening to BiggerPockets podcasts.After careful consideration, we decided to sell our current home and rent instead, allowing us greater flexibility as we begin our real estate investment journey.

Recapture typically happens only when you sell the property.If you use the property partly for personal use and partly as a rental in a given year, depreciation and other expenses must be prorated based on the number of days it was rented versus personal useBased on the current tax laws and regulations, once you've taken bonus depreciation on an asset, you cannot "capture" additional bonus depreciation on that same asset in future years, even if the rates increase.In the 2024 tax year, the rate for bonus depreciation is 60%.

The one who thinks that they are masters of the universe in EVERY area of life, has 30 different businesses, claims to be fit as a fiddle, with a life in perfect harmony, shows off huge toys, has 30 different businesses, including selling their time by the hour to provide coaching... this person is not running a real estate syndication business.

Just ask the owner what are you going to do with the money if you sell for cash??