If I NEED to sell within five years, this calculation provides insight into the real-world return that incorporates these vital aspects of the investment.I want a balance between steady cash flow and long-term appreciation potential. 

It sounds like you and your wife are making some exciting moves in your real estate journey.From the perspective of a private lender, I can tell you that if you don't have experience in new construction you might find it challenging to get funding for a groundup construction loan.

I'd like to thank Brandon Turner for his successful efforts in establishing a community for would-be and aspiring real estate investors.

Almost every problem you can think of happened.....So there I was, a seasoned real estate amateur. 

2.Are there any potential risks we might be overlooking with the financing setup or local real estate market?

Most importantly, we view this as a strategic move to grow our real estate portfolio.

Oh no it is VERY real.

Once the judge found for the plantiff it became a judgement and ATTACHED to that person as well as ALL assets that defendant owned including all real estate. 

I'm looking to transition into the world of property mgmt.I just passed my real estate exam, and now it's time to find a broker to hang my license with.

Please let me know if you would like to connect to have a more in depth conversation on this.Zach