That's only if everything goes well.  

My original plan was to buy 15-20 properties with REI if things went well. 

@Marc Shin Well now you're getting brave....asking us BPers for design advice.... :-)

Determine the cost of construction (hiring a contractor in the GNO area is going to start around $165-175/sqft to build) and be sure to include all holding costs, as well as interest in the loan.

Then you get to pay capital gains as well.

I put the odds at 97% an investor does very well, 2% that through no fault of Praxis' the housing market and/or the economy enter a tail-spin due to inept political leadership at the highest levels, and 1% that Brian is the biggest fraud ever to fool me. 

I would confirm this with someone a little more well versed in NYC or give them a call to see if they can answer your questions.

Hi @Andy S. 3x monthly rent for income has worked well. 

Worked out pretty well.

But in their case, the lease was long enough and well-structured enough that the income and stability felt almost like a normal acquisition.In your scenario, the airport authority charging a rent based on a percentage of gross revenue isn’t unheard of, and from what I’ve read in The Economist, these ground lease structures can pop up in different forms.