CoC just about breaks even if I assume rents are on the higher end of the spectrum.My questions are: 1.

Certainly nothing ground-breaking in terms of ideas here, however I'll be very hands on (and on site) during the process to make sure that every step of the way is executed to a high standard and very carefully.Once I've hopefully developed a successful track record and gained experience, my next goal would be to move on to commercial assets (think multi-family, industrial etc) so that I can leverage my existing investor network and real estate knowledge to raise 3rd party equity and take on bigger projects.

@Annie Schrock thanks for the comment, definitely having the right contractor, always meeting your deadlines and doing full due diligence can make or break a deal! 

If you want a city, Philly can be done if you know where the blocks break.

After  3.5 years we have permits for a 17 unit redevelopment project.We had hopes that we would break ground within a year of buying the property....that fell by the wayside for 2 reasons:1) we had worked with the city to increase density through an affordable housing scheme that did not go as planned.

In fact, by doing so, you're breaking the lease terms by blankly refunding security deposits. 

So, even if you could get a down payment and loan for a property, you would LOSE money even at high rental rates until you ran out and got foreclosed on and still not be giving anyone a break on rent prices. 4.

Negatives of this purchase: home does not cash flow or break even if I decide to move out of the top portion.

I want to BRRRR and break even cash flow.

I am new to real estate investing and want to break free from my 3pm-11pm job.