What about overhead not tied to a specific project?

And even though I’ve assisted many investors in my area, I’ve unfortunately like many, suffered great deal of analysis paralysis on my own real estate investments.

Specifically how do investors running these projects make money.

Hello all - I wanted to get some input on this potential deal, which would be my first. I know some will see the numbers and be tempted to respond, but please read my thoughts before you do.  Some points about me and ...

If you're ever in Lincoln feel free to contact me I can show you the projects we are working on and share what I have learned so far.

Let me know if you want to partner on a project

CAP was determined by talking with a contact who works as a multifamily broker here in San Diego and was told a safe number for beginning cost analysis would be 3.97%  Now to my question, my partner and I have different thoughts as to the first letter to send to the ownership.  

We had all the RIGHT puzzle pieces sitting in our laps (great realtor, carpenters, and mortgage broker as close friends and family) so we just had to simply put them together (with a lot of hard work and having a family of 4 living in one room at a time for a couple years.)We are now moving to Roslyn, WA and hope to start a similar (although not as extensive) project there and also try to acquire some SFHs in Kittitas County to start our REI education/climb to billions. :) This feels like bragging, but it was a lot of market luck, hard work, amazing friends, and a wife with an eye for staging.

I like to see potential in every project I come across.

That being said, overestimating my budget and timeline and still being able to come out with a good profit, shows me that it's a good deal, especially for my first project.