If the prices work where you are, I think with your experience, you could go right into a four-plex and do fine, especially if it was light to moderate value-add because of your knowledge and connections.

Hey Joshua,I'm currently in the throws of a development project in Brooklyn, and the $300 a sf model is a little light, especially if you plan on decent finishes. 

Based on the local market, $15k for renovations seems light—have you had contractors confirm this budget? 

Philadelphia has implemented various forms legislation over the years between abatements, land banks and density bonuses geared towards promoting development in areas that suffered from disinvestment and housing affordability challenges with some legislation having been more effective than others. 

Motion for relief has been granted and green light to proceed with foreclosure.

Why not implement your plan in a market without crisis shelters and with affordable housing?

Personally, I haven't seen any change in interest since the registration ordinance was implemented.

What tools or processes have you implemented to estimate rehab costs more accurately and avoid scope creep in BRRRR projects?

Sounds like something they should implement, maybe security reasons don't allow it? 

@Justin PumprAs real estate investors, you should stabilize your portfolio, focus on debt management, adjust contractor relationships, implement stricter risk management, and tighten underwriting criteria.