After year one, with no missed or late payments, we will refund half the initial deposit. - We we were self managing properties I liked using Turbo Tenant, but I have heard good things about other platforms as well.Best of luck on your self management Journey! 

Regarding that refining you do after your initial research with other local listings, what normally is your process for that next step?

Your cash flow will be average, low initial appreciation, but less risk.

So initially I proposed only a 5 year increase knowing that I did not want to have a 10 year lease with rent so low especially if I go to sell the building - it would be an unattractive investment.The new partner proposed to have no increase in the first year, then $50 after every year for the remaining 10 years. 

I'm sure James Wise could've responded to your initial email in a nicer way or just simply said that he doesn't have that information. 

Initially the GC spoke very well and he showed me his past work and it all looked great. 

In light of current high rate environment, if you were an investor/developer, and you were about to start a 30 unit residential/commercial mixed use property (ground level a few shops, rental apartments upstairs), what percent of rate return are you expecting for your initial capital? 

One reason I did not initially raise the rent higher is because I switched the heating system to a new tenant paid system and the extra cost made up for the difference in rent.

I pitched it to my fellow investors, but numbers did not work for them and we did not want to purchase the house ourselves, our initial plan was an assignment.As time passed we decided this house needed to be listed on the MLS to get a retail buyer.  

Knowing what you are needed an income property to do inside your portfolio will help you narrow down what initial steps make the most sense for you. 3) New construction can have rate buy downs paid for by the builder and new construction comes with a lower repair and cap ex cost the first 10 years (usually). $450k is a big number when only $2500 in rent is coming in the door.