I run the project.

Based on how many people have moved here from other states (specifically California, Oregon, Washington, and then a few areas like NY/NJ) along with the amount of redevelopment projects and the chip factory that was put in - I think there will be further appreciation for the foreseeable future.Will Phoenix economy be depended on this chip factory?

If you don’t mind a little more advice…when I’m running projections like this, I like to use the worst case scenario and if the numbers don’t work out in that scenario, I usually pass on the deal.

This will give you some info so they are not guessing on what will be needed (they probably already know rough numbers, but each project is different).

My wife and I come from a manufacturing leadership and project management background.

Though DSCR gives you a better picture of how the property is projected to perform vs debt service, you can't rely solely on one measure to make a purchase decision. 

Even with a great deal, it’s tough to make it work in today’s market.This is the reality we’re facing now. 

That is one of our next projects…

We were lined up to have this project complete by August which would still be in the prime time frame for selling this house.TLDR of my previous post - I ran into troubles with my first flip which was going on at the same time as this project.I had to pull my contractor from this house to save the day on my first flip.

Quote from @Andy Tack: Hi Lance, we are developing a project that is partially in a flood zone also.