I've been looking at some MF in Philly and buying with FHA, it is just very competitive.

Basically, the exterior is what really sets this home apart from the competition.

@Sean Howell so far all on the MLS but it has surprisingly stayed very competitive through Covid, working on building the off market lead machine now so hopefully we will start seeing a good mix moving forward

The first five years of the loan will be interest heavy.

Beat you competition to the punch before these names show up the tax sale list!!!

There are some pockets where the numbers work (Bridgeport), but competition is growing, I would never actually live there, and the tenant base can be difficult.What are your criteria?

It is ESPECIALLY important in this townhome that's built on a crawlspace because it has a $15K encapsulation system underneath the building that protects the crawlspace and most importantly pumps water out because it's in a weird almost flood zone type of area... only gets bad when it rains heavy, and boy does it rain heavy here.   

My business partners and I are developing a 15 unit residential housing subdivision.We're looking for an excel or google sheets model we can use.We're looking at bringing in investor money in two phases, 1 phase for costs like paying back initial partners, marketing, land clearing, civil engineer, perc tests, etc, and another phase for more heavy duty stuff like purchasing the houses, build roads, install utilities, etc.Who has a model for something like this?

You can always do your own thing, but also best to know what the competition is doing. 

In the cities you listed in the East Bay, competition for "turnkey" homes are non-contingent offers from emotional buyers.