.- The tenant buyer may decide to not exercise the option or may decide to terminate the lease early which may produce a profit less than the projected returns.- The money partner is not the only owner of the company which owns the property and thus has limited decision making over the property.

Prioritize renovations that add value and create a timeline for the project.

I would have appreciated someone pointing out how to more accurately project cash flow. 

What's the projected cash flow? 

@Michael S.correct - the numbers are tough in Huntsville but they can work in nearby suburbs and outer markets.

You can also hold money for maintenance, capex, taxes, insurance, or other projected expenses.

Purchase price: $814,000 37-Unit - HUD Section8 HAP MultifamilyOverall the project was situated decently well at closing, occupancy was mid ~85%, and overall the property was in very nice condition.

Sorry to all you handy men (I am not one of you…)Raleigh’s website goes on to say “a licensed NC General Contractor is required for projects with a total project valuation greater than $30,000.”Your ADU MUST NOT be on wheelsOnly one ADU is allowed per single lot unless located in a Frequent Transit Area (as referenced in UDO Section 2.6.3 or 3.6.2).

This is a tough thing really.

Each project cost is around the 400k market without land cost.