Best regards - EmilioLand Purchase$100Remediation and Demo$1,000,000$500,00050%match from govTotal Acquisition costs$500,100SF Per Unit760units100total SF76,000circulation38%28,880Grand Total SF104,880Cost Per SF$95$9,963,600Fees/permits10%$996,360Total Costs$10,959,960Contingency5%$547,998Total All Costs minus acquisition$11,507,958Paid By City50%$5,753,979Costs by Developer$5,753,979Amount Financed $4,000,000Equity Required $1,753,979(with acquisition costs)$2,254,079Monthly Mortgage Payment $28,0007.50%30 years 10 year balloon renewableunits100Rents750Total Rents$75,000Expenses 50%$37,500NOI$37,500Monthly Cash Flow$9,500Cash on Cash Return5%After doing the calculations, I think it could work, but it seems unrealistic.

So 10 structures would require a 20 bedroom septic capacity which would be unrealistic.

If they are just starting their search they are going to have unrealistic expectations and may not even be serious buyers. 

So, it is unrealistic to expect the subject property to sell at 420-440 given the comp for the REO/Flip for Property #1 since it is nearly 200 sq feet less sf?  

Yes, your agent and/or lender may have led you astray w/ unrealistic expectations, but ultimately it's your name being signed that commits to the specific performance requirements of the contract.Sorry to hear of the lost escrow, but it appears that seller is fully entitled to it.  

They are asking 200k, which I believe is unrealistic unless you really not planning to make any money on it.

If you give the seller a unrealistic expectation you will need to overcome that later or lose the deal!

Are the above mentioned items unrealistic expectations on my part?

We'll never hear the whole truth from both sides and it may not matter.While there are below average PMC's everywhere, there are also unrealistic owners.Pretty sure this post will turn into a soop opera, but have way better things to do than watch soaps.

I'm sure you are correct about the AirBnB rating system being unfair or not comparable to hotel ratings, but it is unrealistic to expect the occasional AirBnB user to know all the details behind the ratings and then account for them accordingly.