If you are an action taker you are bound to succeed, if you pay the money and do not follow the course and use the resources Pace provides and do not ever take action obviously you will not succeed.

Structuring your lease in this way would benefit you by 1) locking in a longer term contract to avoid turnover costs and vacancy loss; 2) it moves your lease end date out of the winter season and into spring/summer of 2026 so it can be more easily marketed and re-rented to match the seasonal demand cycle; and 3) it avoids any upset/angry tenants who may have been incorrectly assuming their rent was going to stay in the $1,200 range after their first 6-month lease term.Would love to hear any updates you have on how this one shakes out for you though!

Another you could have done was to call a few other PM's in the area and get their take on the rent range.

For instance in the real world.. i bought 12 brand new constructions back in the Katrina days .. this was in the top county in Mississippi they ranged 150k to 225k each..

I understand there are other factors such as pitch etc. but i am trying to get ballpark range. 

If so, what rent ranges are what class?

go to Home Depot, talk to some general contractors, join your local Facebook and meetup groups and start getting good ranges for every major item.

The mortgage would prob fall around 1600-2000 range.

Also most townhome developments are part of some sort of HOA and if there is an HOA they will definitely not allow you to form a condo within the bounds of their HOAFeel free to reach out if you have more questions!

I don't do large rent increases (like $200) because I don't want a unit turn but my rent is in the market range.