Its a risky expensive job.Obviously this is one market but the trend is not positive.

if you do it right, you'll break even.not trying to be negative, just realistic.Appreciate the feedback.

thank you for all the feedback its helpful.

Additional Info —Key Details:Location: Outside Santa Fe, NMProperty Size: 20 acres (valued at $80,000)Project: Two new STR unitsExisting Experience: Family has two fully-occupied LTRs nearby, generating $2,000/monthConstruction Approach: Self-contracted with licensed trades for electrical/plumbingCost Assumption: $80,000 per unit, plus ~20% for inflation (based on 5–8-year-old build costs)Financing: Using land equity as down payment on construction loan (expecting closing costs to be major expense)Request: Looking for feedback, potential pitfalls, and general guidance

How do others manage to create positive cash flow from MF properties with debt?

Thanks everyone for your feedback and suggestions!

Are they part of the pref equity position?

Quote from @Dustin Calgaro: @Dan Heuschele@Shiloh Lundahl@Shiloh LundahlThanks for the feedback Dan!

Does anyone have experience, feedback, or opinions with using the "Syndicated Deal Analyzer " excel system?

The work around is part of the application process is to tour the property, but still, why put yourself in that position?