My husband is leaning toward keeping it since it is a project we would have to deal with. 

Be very careful with this as a first time project! 

.: This thread got really long due to some factors:Different goals. 

+1 for AirDNA - I recommend using one of their premium monthly subscriptions to explore the actual comps and not just their auto generated projection. 

The best business entity for your fix-and-flip business depends on your goals, risk tolerance, and tax strategy.

Local PM here - we have multiple development projects we are gearing up to sell, both small multifamily and townhouses should you want to take a peak at them.

Trying to get into the nuts and bolts of how he was trying to source a location, project size of preference, what type of financial modeling he does, what kind of tenants he was hoping to attract/the strategy behind it, if he was doing any joint ventures or had done any in the past, if he had taken part in any syndications, what management strategies he was implementing with his current properties to maximize lease uptime and profit, what types of leases he generally favored contracting for his properties--all of that was like pulling teeth.

My intention it to pitch two different proposals from which to choose, as trusts can have different goals.

It would just need to be a situation where they have great contact with the person doing that managing of the project (I.e. have known the person for years, great reputation, person has experience in flipping etc.).

Be mindful of the harsh winters and short construction seasons, which can affect project timing.