I have done a few projects  in N> CA were we did Mello Roos.. and a few with plane ole 1915 act bonds.. its just a common way to develop in CA..

Not always, but very common. $550  / mth * 8 unit = $4,400 * 12 mths = $ 52,800 GRI  ****not $53,800****The formula for CAP = NOI/PriceNOI = [GRI - V&C loss + OI] - EXP  *****You did not subtract for expenses to arrive at NOI nor include a vacancy and collection factor****Assuming expenses are 50% and 100% occupancy (which 100% occ is not realistic all the time).

From the conferences I have attended, all I have read I think 3x rent is more common but that doesn't mean your PM is wrong. 

We do have a regional airport that provides connecting flights to Dallas but it is unreliable/expensive and they are unable to extend the runway to land  bigger commercial jets and don't have room to expand the common areas that would accommodate more customers.

The one thing most all of them have in common is they take longer than they say lol.

I'd love to hear from fellow investors: What exit strategy do you commonly use, and what has worked best for you in today's market?

Those who do understand it aren’t struggling.Here’s the common flaw: people think a circumstance equals motivation.Foreclosure = motivatedTax lien = motivatedAbsentee owner = motivatedThat’s just not true.Motivation is an emotional response to a circumstance, not the circumstance itself.Let me give you an example.

Rate should not exceed 12.5% at most and more commonly about 11.75%.

Quote from @Clarissa Finks: Software is a common question on BiggerPockets.

Because right here on Linked in is a person by different name, different business than you speak of commonly on BP, EXACT SAME FACE.......