This is a good model but doesn't account for a return of the $500k your parents will contribute..For example if the property generates $10k per month with $6k in PITI & operating expenses the proposed return for your parents would be: $2k and $1k for each of the minority partners.

My first word of advice, if that is what you are proposing, is to make sure you are ready for all that means.  

What you are proposing is a theory, it doesn't make sense in real life.

When you don't report, they assume you bought it for $0.You probably received a letter CP2000 which is basically a proposed tax.

What is the most current status of another anti-citizen bill proposed by our nanny state?

They were initially resistant to it when first proposed in april but as revenues are coming in every quarter, lots of pockets in the economy are suffering and this is one for sure. 

I don't think you can go wrong if you have the liquidity and the market is strong. don't forget that hotels are built in the middle of nowhere brand new and do fine. if you want me to look more closely at it send me a DM, this is ours right here that we proposed so you can see the style but it's 81 residential units, 45000 sq ft, 6000 sq ft of retail, no parking. on your assumptions, your occupancy rate looks high. pull some hospitality reports in the market and see what it is. your exit cap looks about right for what I've seen in hospitality.

A DSCR is a debt service coverage ratio loan (against the new property) and effectively uses a proportion of the current or proposed rental income to qualify.

Another one of the investments, they are currently proposing for us a chance to "save a portion of our original investment," is literally unbelievable.  

We had a proposed driving range in my town and the State Department of Transportation was going to require them to have netting that was 80ft high due to proximity of a road.