I’m currently evaluating whether to go with a Fund Model instead of a traditional JV for an upcoming multifamily project, I will be working as a developer looking to do work with a more experienced developer on a larger scale multi-family opportunity.

Since you are new to the market, you can look at what the top rent pulls look like and cater accordingly on the design.You always want to build relationships with contractors, but that takes time and you always need a solid bench, just like in basketball because some days your starting plumber just doesn't show up and you need to bring in the backup.The rates are the rates and they aren't going way down soon so it's just part of a different metric to evaluate in your new market.Good luck!

These numbers on their access to the MLS will give you the best evaluation to what you can sell it for once you are done.

However, you must have your team physically evaluate the property for you.Hope this helps.

A soils evaluator I know says that "perc tests are 90% people and 10% science" I've found this to be true.John

Use a spreadsheet instead, or find a different software.Thanks Tim.I'll probably go the spreadsheet route to start with, but as I look to scale my properties continue to evaluate other tech.I also reached out to RentRedi @ Tyson in this thread to share my experiences. 

Even creating a simple model to evaluate potential deals or predict returns could be a fun way to combine your interests while gaining hands-on experience.The most important thing is to start somewhere.

The plan is to put the rentals in SCH E of our joint return and file with TurboTax-We live in Florida-Leases under my wife's name, Airbnb app under my name, dedicated bank account for all rentals activity in the name of both-We have umbrella policy for liability protection for the rentals-We leverage some contractors (for example cleaning lady for the Airbnbs or lawn maintenance guy) that we pay >$600 for their services in a year and they are not our employees.

Send me your site in private and I will evaluate it so everyone can learn from this, if that is OK with you?

But a lot of bank employees, real estate agents and regular people don't know it or they just don't believe it.