Through in a niche that has limited data to support the success, and you're making your hill to climb a lot steeper.

The fact something is zoned R2 doesn't matter if the lot isn't big enough to support 2 units, parking, set backs, etc.

So low very low cash in.7)If the customers’ credit does not support 100% financing from the independent banks we use, they can park a small additional deposit and get it back at refinance, OR let it sit in the project and earn 8% to 18% on the money they decide to leave in.We have completed over $300 million of projects in the city of Philadelphia in these 7.5 years, and are the largest investor project management company overseeing this level of development for our 150 repeat customer client base.The actual $300,000,000 of deal documents speak for themselves.$5,000 is sitting here on my desk waiting for whoever can come in and prove these FACTS wrong.For clients the proper on site due diligence reviewing the above is all that is needed.

Thanks for the support . . . and the other comments.

Your NOI (116K) should support a price of 1 - 1.25 million but the free-cash-flow doesn't tell the same story.

The difference in this case is that you have the support of many other people who've been in your shoes all on tap for you at any time.

Just not something personally I am willing to support.

Also found a metric ton of papers regarding past and present lawsuits.To top it all off, the mans brother and father came over when I was demo'ing the building and were nice as pie.Thank you everyone for your support and words of encouragement. 

If you try to do this business on your own you will find little support long term.

Is it possible to cashflow a property supporting the dp and the sellers note and still have profit for yourself?