Most land owners arevery optimistic where they think developers make too much money, they aren't counting soft construction costs, which is a big ticket in CA.

yes its a good investment ask 1,500 get 500 per month 10 month get 5,000 back and from then on is profit, good school district 500 cash flow that thing probably has upside also I don't know Pennsylvania to well but if that was in my neighborhood is a good long term buy.

What he gave you is hard costs more like 150/sf if you're going for granite but have the rest as rental grade. soft costs without financing costs around 100k minimum in CA in most urban.

They have those soft close drawers that everybody loves.

The other day my 4 year old ran into the kitchen and said "Daddy can you give me a towel?".  

Where did the time fly to? Well

When your just starting out you hear lots of terms like soft and hard money lenders...can anyone explain this to me?

You simply won't account for soft data.

We just bought all new towels because makeup stained most of them.

(It's a soft form of "confirmation bias:" They were already skeptical about the product--which is a good way to start--but then their suspicions were confirmed based on just that one opinion.