I feel like there's still people trying to make BRRRR deals work close to the city and the truth is it's nearly impossible given prices, rates, and the cost of construction.

I have some YouTube videos that may help with some of your questions and always happy to have a call to dive a little deeper. 1. which development(s) tends to be the best for ROI/have the best occupancy rates? 

My question would be is a 6 cap the going rate in the area for that building.

@Ed Lopez our thoughts:1) $65 is average hourly rate for handyman in Metro Detroit.

You snowball plan has a very high success rate.

$3,200 is probably a decent rate unless it’s new construction.

So I have my house that refinanced in 2020 for a 15yr 2.5% rate and we have about 56k equity.

Because of where interest rates are at—and how slow everything is moving—we basically made a "take it or leave it" deal.

Just a heads up this will not be tax free, it will be a pro-rated exclusion.

Congratulations, you get to share your partners tax burden and pay the depreciation recapture at ordinary income rates.