I decided on a phased approach (focusing on research, moving onto analysis, action, etc.) to ensure I don't get caught in an academic deadlock. 

What's the difference if your projections are off by $5K in year 1.Part of this is in how you phase it. 

I like the area and i am questioning whether it´s worth moving forward with Phase 1 of Construction.Not sure if anyone went through this before.

Thank you for the info, I am certainly in the intel-gathering phase of my journey and I certainly appreciate the advice.

And if you're wondering about demand for that house @ 499k, 40 units in this development came on the market as part of the next phase of this development a week ago, all but 4 are pending and most didn't even hit the public market but were scooped up prior to.  

Franklinton has been seeing lots of developments like the completion of Gravity Phase 1 and phases 2 and 3 on the way.

Now, as I stand on the brink of the rental phase, the decision on furnishing is a real conundrum.Key Questions:Furnished or Unfurnished: I'm keen to hear your experiences and the factors that played a role in your decision.

Will explain later.Mistake #2, I thought I could pay my contractor after each phase of work.

This is based on projected costs using info gathered in the due diligence phase.  

I’m in the beginning phases of my real estate journey.