Then look at how much square footage the comps in that same area have available and it should give you a good starting point on if the project is in a good market.Typically I have seen the 1 mile radius is usually oversupplied and the 3 and 5 miles radius should be fairly under supplied. 

I buy with foundation issues a fair amount. 

Do you know what the rental income would be at fair market rent?

I've been communicating with the gentleman for several weeks now, he's emailed me information on what he needs to qualify me for an FHA loan, however, I'm a little nervous because I live in Wisconsin.Has anyone ever worked with an FHA mortgage counselor/originator in another state?

What’s a fair way to split the Downpayment?

As far as cash on cash ROI, everyone has their own goals and criteria but personally, I think and 8% return and $100/mth rent cash flow is fairly anemic, however, our markets are Indianapolis and Kansas City which are high cash flow markets.

QuickBooks is useful for keeping track of expenses (something most PM platforms give you as well), but it doesn't allow you to communicate with tenants, handle work orders, or sign leases online.

@Andrew Erdrich I do a fair amount of mixed use in Kansas City.

I'm in CA - what do you think a remodel would cost if you were going to go through a fairly extensive remodel -- kitchen/bath/blow out a wall?

@Corey WoodmanI read your nicely written post all the way to the end.I am also fairly new to real estate and have done few deals since last year.