My guess is the national firms will have a uniform split rate across all states.I can say that in doing the math I would have to represent about one house per month at about $200K each to get close to the national average for an agent in his first year.

“While rising prices are lifting home owners out of negative equity, the strong price recovery amid the modest growth in incomes is also making homes less affordable and dampening demand.”Source: “REALTORS® Expect Price Growth Moderate in Next 12 Months,” National Association of REALTORS® Economists’ Outlook blog (Oct. 5, 2015)

If anyone is interested there is a business luncheon happening at Lwcc in Brooklyn Park tomorrow.

driveatank.com or indoor trampoline park

. - There is A LOT of development just blocks from the property including a new city park, a new student apartment complex, and a new children's museum.

But again, you can always ask around and see what banks are offering what options.Once you secure the cash you need, I agree with @John Hamilton concept - sell or hold, this is dominos, once you get one property done (the one that needs the least amount of cash to finish), you can re-fi or get another HELOC and that cash will pay for the next, etc. etc.Good luck, I hope you hit it out of the park!

Typically 100K for most national lenders. 

They are a national firm & support the Chicagoland area.  

One of the challenges with multi-family development of this size in Denver is that parking requirements take up a significant portion of your space.  

The amount I estimated is over $3k higher than the national average of $900/door.