Great Addition - on the switch from year to year - arguably the biggest flag in my opinion in Real Estate - "shiny object syndrome" switching from niche to niche repeatedly (especially as a "Guru") - whats tried and true for RE success IMO is people that stick with one strategy and niche (type, market, strategy, etc.) for years, stay focused when its in and out of flavor, and end up with big wealth and track record after years.Definitely flags of the last few years when people go from "STR" to "Multiamily Syndication" to "Boutique Hotels" to "Experiences" and so on... 

I really just wanted to see if there is anyone out there with positive or negative personal experience.  

I regret every property I sold 10 years ago (except the ones in the hood, that was a short term experiment I am glad I got out off).Your total net worth contribution is a lot higher than 0.6%, just the paydown of your loan is double digit ROI.

It is true it is harsher when on well, but in my experience with proper maintenance its not as bad as people say.

I need an expert who has experience with new builds to help me figure that out.

Realtors lie to sellers too to get listings but wholesalers in my experience are far worse.- I get what you mean about knowing your market, but we are all nerds here at bp while the average person is just trying to get into real estate or make some moves to help their financial situation so when they see an "expert" say something it carries weight.

Having no experience in commercial properties and financing project like this, I decided to reach out to this community hoping to get some guidance for the following. - Best options to finance renovations for the property.  

Experience will also help to inform your practices and procedures.Best wishes.

You will qualify based on your experience and property ARV. 

Anyone have any insights or experience with this?