Properties like the Michigan complex offer a unique entry point, combining cash flow and significant upside potential.Immediate Cash FlowThis particular property is projected to deliver 6% annual cash flow from day one, already exceeding the yield of Treasuries.Value-Add RenovationsThe property includes hundreds of units that can be upgraded to Class A finishes, justifying rent increases.

I am thinking of that being one of my next big projects if the community is wanting it. 

One of my connections will fund the rehab for less and give it all to us on the upfront to finish the project at a lower cost.

When investors invest their hard-earned money into a project, we expect the highest possible return.

I'm not the underwriter who approves the loan, I just know what they need which is usually a thorough overview and proof of recently completed projects, where you were the GC. 

It’s a pretty big project but great opportunity.

Since this is a new construction, I projected a low capex.

The roof, AC, plumbing, electrical and flooring will eventually need replacements.

It was a small $$$ project but time consuming because that was something I DIY'd while living in the property. 

BTW my market in the last dozen years has only has a single year with as poor appreciation as 4% which implies the reality is that virtually every in the last dozen years you would far exceed that projection.