All have valid points and I've formulated a blend of your suggestions. 

Or is there a formula to blend the down payment received in Year 1 and the principal received each year thereafter over a 30 year period to calculate the capital gains. 

I just think NYC has a particular blend of ridiculous things to keep it special.

This can result in reduced risk and blended performance across all the properties in the fund, and can also create the opportunity for compounding returns by reinvesting cash flow distributions back into the fund.With all that said, passive investors are exposed to both deal risk and sponsor risk.

Guidance from the city is a strong preference for a development that will blend in with the surrounding duplexes.

LOLIf I was looking at the Ocean from the 18th floor in Waikai with a blended Mai Tia I'm sure I would singing a different tune,

I think with the right ideas, blend of realism, and marketing team it could be a project that earns a lot of money. 

Is alternative financing something I should be looking to make my first deal happen or be patient and wait until my file suits A/B lendes criteria? 

I've found a few in recent months for clients, but they take more work and "look" different and might have to subscribe to different strategies or a blend of things to make it work.

We like the eastern inner ring suburbs if you are looking for a blend of cash flow and predictability / stability.