.- The tenant buyer may decide to not exercise the option or may decide to terminate the lease early which may produce a profit less than the projected returns.- The money partner is not the only owner of the company which owns the property and thus has limited decision making over the property.

Faster TurnaroundsSmaller projects often take a backseat for licensed contractors, causing delays.

Neighborhood revitalization projects, major corporate investments, and an influx of small businesses were all happening at a pace that made it clear the city is on an upward trajectory.From an investor’s perspective, Detroit offers a unique combination of affordability and opportunity.

More than likely the PM wasn't aware of the costs as most PM's don't understand project management.

I've been really stoked about this project since I found out about them a while ago.

I think good flippers talk about something like 80-20 -- they do well on 80% of their projects.

I know of some folks in KC and Memphis doing new builds like this, but they are doing it within a much larger and long-term project that includes upwards of 300-500 units built over the course of 5-10 years.Assuming you're looking in Columbia, do you have a "B+/C" neighborhood in mind?

I would like if you ever need a licensed GC to do renovations/Tenant Improvement projects I have a group for that.  

I’m on the hunt for my next primary and would like it to be a project. 

Starting with a smaller property or a few fix-and-flip projects can help you build equity, gain credibility with lenders, and better understand the process before scaling up.Securing funding for larger projects can be challenging without prior experience, but options like hard money loans might be worth exploring.