Your profit projection uses “TV investment math” and that makes it very wrong.  

I have had an inner battle since day one when planning/projecting future business growth.

Projects like these seem to always cost more than you would expect. 

I will give you some examples of what I have negotiated on current holdings and also am in discussions with a much larger project that includes a national lender.Local community bank refinanced December and then again in June both 7 year fixed money. 

For instance my lender will do a loan for BRRRR type projects for 50/50 owners, 30yr AM, and very competitive rates, with zero seasoning. if you leave it in one individuals name, both title and debt, it'll be much harder for you to claim a vested interest.

If they have to do a u-turn or do multiple steps to get into a place it is a major deterrent versus a middle turn lane without a concrete median.Check any road widening projects in the area as that could take existing parking spaces from the property you are looking at by eminent domain.

What's the size of the project? 

I've worked with several management companies through our projects at Better Coast Capital, and this is a list of the key factors I usually look for when selecting a new one.

I have been much more conservative on the projects taken on than many though. 

The next project I have is drywall patching, paint and an oven install in Redondo Beach.