The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.

Cost segregation utilizes the MACRS approach.

Typlcally, a lender is going to lend 75% - 90% of the Cost of the project (property price plus rehab cost (scope of work)) or 70% - 75% of the ARV (As Repaired (as completed) Value).

Purchase price: $4,100,000 Cash invested: $2,000,000 79 unit value add apartment complex with roughly 800k in cap ex completed What made you interested in investing in this type of deal?

I am changing the locks over on all of my units at each turnover.

Of course you have to factor in realtor and closing costs on top.

What made you interested in investing in this type of deal?

A typical PPM will cost about $10K. 

I was not criticizing my pm for covering my cost or deciding it was not worth further effort dealing with Airbnb.  

Walk through deals with one of them.