An architect is best left to refine the research and the minute details of the zoning code, after you as the developer have found the site, identified the zoning, done the math to determine that the zoning density, site area, and unit count that work for your type of development project.

I have great math skills, a very strong work ethic, common sense (which isn’t as common anymore 😂), social/interpersonal skills, and more, all of which I believe can benefit you and take off some of your monotonous work load, while helping me learn the business hands on, which I see as a win-win.

I have been doing my homework over the past few days looking at comps and estimating rehab costs.

I have great math skills, a very strong work ethic, common sense (which isn’t as common anymore 😂), social/interpersonal skills, and more, all of which I believe can benefit you and take off some of your monotonous work load, while helping me learn the business hands on, which I see as a win-win.

Given my knowledge and profession do you think larger and more passive investors would be more likely to partner on a larger acquisition, as long as the math makes sense?

(Note, I may have underestimated PMI and insurance because I've been doing the math for a single-family home)0 Advanced issues found▲  3.House 389,000 30 Years Down Payment Percent 3% Down Payment $11,670 Present Value $377,330 Future Value 0 Years 30 Number of times per year 12 Number of payment periods 360 Annual Rate 4.00% Monthly Rate 0.003333333 Monthly Payment -1,801.43 Total Interest Paid $271,185.21 Taxes $3,500 Insurace $800 PMI $1,080 Water $480 trash/sewer $400 Utilities $6,000 Maintenance $2,000 Total Monthly House Cost ($2,989.76)

If my math is right, then this would be at a 7.25% cap, right?

Should I refinance and take a 30 year loan on it my math shows that it would still be approx $1200 per month in mortgage payments...

It sounds like you did your homework and are well on your way.

I am aware of all the extra costs associated with rerenting, vacancies, HOA, etc...My question was just to see if I was getting the "basic" math correct.