Once you get the inspection and pricing from the 203k Consultant (WWU/SOR) and a proposal from a Certified 203k Contractor then you'll know the actual cost of the rehab and if this is a deal or not.Hope this helps! 

I have a deal in mind (recession proof), I have a floor plan, I have comps and also I have written a proposal and now I need an investor or investors for capital. 180 rental units from a floor plan suitable for building a high-rise apartment building, apartment complex or gated communities containing brownstones or townhouses.

I've had other conversations with the potential buyer and they seemed to clarify that their proposition is a "subject to" and are proposing a "wrap around mortgage" to help secure up the payment default risk which seems to take some risk off the table from a Seller standpoint. 

If they are renters, I may have a proposed avenue to resolve this. 

I’m hoping you all can help me out… I’ve got an owner to whom I’m going to propose seller financing to purchase his house.

Bonus is they advocate for landlords so our legislation doesn't gear entirely towards tenant-friendly laws.

Compared to your proposed investment this may seem simple but the COC and ROI will be higher.  

I have gotten 2 different proposals which range so vastly.

Some individuals will offer the property management service without being licensed, but you will have to decide if that's a risk you are okay with since that's technically not allowed.If someone has given you a proposal with terms you listed I would be very skeptical and you should proceed with caution.

I'm plugged into Facebook groups, but there is so much noise out there with novices inundating you with bad deals and shady proposals.