My concerns with the project are - the time to rezone and approve reconstruction- my ignorance in the process to rezone- the structure for the condo management after the sale- I saw, what seemed like, many start and fester or fail in the HR area a few years back so I am very cautious at this point.The numbers and the project look very solid even offering the investors 25% returns if I can finish it out and start selling in 10 months but I am not sure that is possible with the rezoning even though it is reducing the density in the area.Any feedback or insight is welcome,John

I am pretty cautious though ( and as a result I am not super super rich ).  

The entity wanting  "triplex comps" was the lender--not FNMA; I think they were still a little skittish, erring ridiculously to the cautious side after the crash.

But I would want to err on choosing one that is more cautious.

I'd be extra cautious in underwriting the project because it'll likely take a considerable amount of effort and capital to renovate the units and get fully absorbed.

I am a learner investor of Polish origin living in New Zealand, taking each step cautiously.

The 2% rule-of-thumb should provide you with a strong margin.Just be cautious about vacancies.

I would be cautious to use them.

I would be cautious the business model you are using to purchase this duplex.

when we sell a property we are very cautious on mid to higher priced properties that we are dealing with buyers with the ability to close, on low priced properties we are willing to roll the dice and don't require POF.