You need much more capital for real estate, as it is a wealth protection and cashflow engine for large sums of money when done right IMO 

I found a large property that can be a great investment opportunity.

@Antonio Martinez so, as you know, this property is dirrrrrt cheap, which leads me to assume this property is in a very rural area and/or it's a is D or F grade property in a D or F grade area.   

Here’s a bit of background:My in-laws own a condo in Maui that a large management group has managed until now.

I'm looking to pivot out of small multifamily and into large multifamily, so I'm also exploring mentors as I make the jump. 

Additionally, the potential for value-add opportunities such as adding a ministorage or other high cap rate investments in the future could further increase the overall return on investment.Considering the potential for appreciation, the current NOI, and the future potential for additional income streams, this property could be worth considering as a long-term investment, despite the initial lower cash on cash return.

This will make it easier for you to comprehend how much each project component will cost.Budgets should always contain a contingency to cover unforeseen problems or extra work that may come up during renovations.

435k to 500k is a large spread . over a 10% swing . its better to get an appraisal and have a much better target valuation 

Hey Alex,Why are you putting such a large amount of money down when your intent is to just take it back out?

I added value by installing four laundry rooms and kitchens in the existing spaces and separated them to create individual rentals.