I was really playing around with the program and the process.

I live in Cary, NC and have been a follower of this amazing brand for a while. 

It's an ok deal and I would only bite if there is much more value plays such as potential for much higher rents after the rehab or things that can be done to the property that can increase the value or income.

Don't buy individual REITS as you are playing with fire. 

By that time i expect the cash flow to play out like this:First floor unit: $1,400Second floor unit: $900 Three garage bays: $330Total expenses (PITI + 5% vacancy 5% repairs (1st and 2nd floors only)): $2,045Cash flow: $585 / month.

So I'll first lay out the basics of the deal... and then pose my quandary..... that felt like an elegant sentence lol. 2 unit building near major medical/college campus'Last 5 sales on street for similar properties- 3...

Documenting and pushing concerns raised over health and safety issues is also a classic leverage-move played by scam artist tenants.I'm not saying the tenant's concern is unfounded, but tenants asking for over-the-top precautions is going to add substantially to your costs and timeline.    

This doesn't even include holding costs.I understand you are putting sweat equity but those numbers are tight..If you build you need to automatically profit on equity or else it's pointless.. usually 20% to make it worthwhileGood luckBuilding brand new product, the goal should not be for it to trade at an 8 cap. 

From my perspective only, money is pretty good at leveling the playing field.

You would have to petition for a change or play further outside the rules and regulations than I care to tread.