Plus the cost of the heavy machinery on the site per day. 

If at the end of the first year with your rental property in operation that you are able to profit $10,000 from cash flow after all operational expenses and debt service were paid, your COC return would be $10,000/$30,000 or 33%.Sophisticated investors compare COC with other investments to determine the highest and best use for their liquidity going into an investment whereas ROE is used once the investment is owned.

Faster to scale and more efficient as you're dealing with usually sophisticated parties. 

If you've got a good income and a good credit score your deposit is more like $1000.Why do these very sophisticated PM firms like Essex and Prometheus offer such easy low-cost move-ins?  

Hi BP community,
I recently invested in a real estate syndication as a passive non-accredited investor. Syndicators that I have spoken with say there are no limits to investing but I wanted to see what others had to ...

It is harder than single-family because apartment buyers are much more sophisticated.

Then of course it depends on whether it is a "cash flowing" or value add opportunity and the expertise, sophistication and experience of the GP to make things happen.

All investors are sophisticated with at 50k minimum investment, and since I have personal relationships with all of them, and I won't be advertising this publicly, they won't need to be accredited (that is my understanding). 

Their availability is going to be key in getting this project dried in within the 6 month build season of the area.This updates rough numbers to:-35k land-100k loan + 5k fees-10k permits engineering survey soils-30k well + spetic-electrical and phone hookup placeholder of 10k-6k for heavy machinery and gravel driveThis rounds out to 196k total costs.

This is what will get their attention and convey experience and sophistication.