But I know that finding the balance on the pro forma between the cost of the land/construction and the density of the development (which drives rents/income/cash flow) is always the challenge.

My travel is measured by cost per mile used to travel to and from the property.

In the meantime, I am trying to better understand the Indianapolis (Fishers, Carmel) real estate market and considering getting a realtors license.In Indiana, the cost for the real estate licensing course is approximately ~$580 and an additional ~$80 annually to maintain.

My main concern is the cost of turning the property into a MTR especially with this being my first property.

And if anyone knows what a full renovation on a property in Pittsburg that is around 1900 sqft would cost, if you could let me know, that would be greatly appreciated.

How to transfer my property from my name to the LLC legally for max protection and minimum cost??

Unfortunately, you cannot just tell your private lender or builder that you cannot make the payments, so I’ve covered all of the costs. 

The first tenants are moving in July 1, and they have asked me to cover the costs associated with the installation of any new services (i.e., internet), and then they will transfer it into their name at the start of the lease.

Also I think that the opportunity cost has to be considered.

Build cost 2 million ($240 per square foot for a 5400 square-foot duplex) (Sale price $650 per square foot valuating the duplex at 3.5 million) Upon stabilization, the properties market value is projected to be between 4.5 and 5 million.