That should really be the deciding factor...is it necessary and a large enough project to include the permit process?

I'm an experienced project manager with hundreds of cradle-to-grave efforts under my belt, including building project scopes and budgets, evaluating contract proposals, and managing construction to maintain the delivery of high quality products on-time and in budget.Penny is a licensed clinical social worker (LCSW), serving the community mental health needs of parents, children and families.We both recognize we have an immense opportunity to serve our community and want to capitalize on the blessings we have been provided so that we can continue serving our neighbors.My wife, Penny, and I are looking to transition into commercial multi-family real estate in 2025.

Nightly rates: Yes, but the benchmarks should also be lower.Year 2 turnaround: What strategies could we implement to project a higher ROI in our second year?

If you want to see an example of one of our projects, here is the airbnb link:https://www.airbnb.com/rooms/4...Hope I can help!

Is it better to have a job or business that is doing well, then funnel the money into larger projects, if my desire is to be one of the main GP for like 33-100 unit multifamily projects?

This is how they ensure the work is completed and the project is staying on budget.The questions you should be asking are what is the draw process.

I am researching a project and doing an extensive property visit next month on a project that yields well over six figure in revenue. 

I’ve done a couple of fix-and-flip projects in the past, both of which were financed through hard money lenders.

You are using the projected rental income from the subject property.

For the multi-family, lenders typically count about 75% of projected rental income toward your debt-to-income ratio, which should help if the property is cash-flowing.