I'm just describing the reality of BTS with national tenants, they squeeze margins of the developer down.

I went with profit sharing model (85%/15%). 

@Ashley MierezConsider your margin dollars as well.

I plan to utilize some cash, margin loan, 401k loan, and a HELOC as a down payment.My first house hack (now an out of state investment) has a Zestimate of $530K, and I have $266K left on the loan.

Since you're still in the early stages, don’t rush; it’s better to wait for a better deal than to overpay or settle for marginal returns.If you're getting 0-4% COC and 8-15% IRR over 10 years, those are still decent returns, especially in a less competitive market.

It’s not a big enough margin for me.

With rising material costs, shifting buyer preferences, and tighter margins, investors have to be smart about their approach.💡 How are you finding solid flip deals in this market?

Which also makes it riskier because margins are generally tighter. 

On the flip side, the margins aren’t quite as high as with rehab projects.

This was an on-market deal and may not have had the margins I needed to make hard money work.