If you are new, be sure you can raise the funds before proceeding.In my opinion, you are going to have a hard time raising money with a 6% pref and 70% of the profits after that unless you have a lot of newbie investors in your Rolodex. 

Hello I am Derick, new to all of this.

Plus I recently got a brand new calculator, wanted to see what out of state investors though the most important aspects of deciding between to similar rates cap rates in 2 varied size apartment. 

Flipping a brand new home likely wouldn’t bring much profit - especially after having to close twice when you first buy it, and later sell it.Maybe you have millions to spend and I’m just missing the big picture… but when I think of “income” I’m usually thinking “net income” after you factor in expenses, like purchase price or building costs?  

Quote from @Jerrell Randolph: Hi BP community I am a fairly new investor.

I would love any advice on landlords' favorite brands or models that last well and are not complicated.

Why not sell it and try again at the new location?

I've found that almost any brand of toilet out there now works fine.

So for many builders new construction stick townhomes is the most affordable, easiest approval odds, and highest return possible. 

Is this a new build?