You want to make sure they are at or below 5% to make sure they are able to stay solvent.

I don't know if they will ever start construction and if they do how long will my money be locked with them.At this point, I would recommend to stay away from them until they can show some results with new constructions.In the meantime, I had invested in another syndication in the same time frame in the same Texas market.

Quote from @Devin James: Quote from @Dominic Mazzarella: Quote from @Devin James: Everything went wrong with this investment:   - Took 4 months longer than expected   - Cost $10K more to build than we anticipated   - Sold for $20K less than we anticipatedWe still profited with a 30% return on equityThis is why I love Real Estate InvestingWhen you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.Here was the original post:My siblings and I are building a home in North Port, FL.Here are the numbers: - Finished Home Value: $412Kish - Land Cost: $19,750.39 - Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!! 

Unfortunately, for the time being, I do need to stay in New York.

Pros - guaranteed rent, tenants stay longer on averageCons - more mgmt needed (lease violations), they tend to not take great care of properties (increase maintenance expense or deferred maintenance)

I'd personally say pulling your water heater out and replacing with a wall mount on demand one, would be worth the cost to have in unit washer dryer if you are staying there or renting it, it would be worth it.its always worth doing the big stuff well and correct even if you are cleaning up after someone, the long term hold always prevails, its just a little frustrating front sometimes, but hang in there!

I'd love to stay in touch and keep track of how you're doing as well!

Years ago I spent many months working in Indianapolis and staying at the Canal Street apartments. 

The relatives are vacating. only 1 tenant wants to stay through ownership change.

You should reconsider looking for a property zoned for short term stays.