I have seen a lot of their rehabbed homes but the construction work was usually not very high quality.  

The full pro forma will identify your construction costs, allow people to identify risks, and hopefully will encourage your stakeholders to see what you see-- while acknowledging that the asset is currently underperforming.

It's what I use for my own businesses as well as multiple real estate and construction clients.

Hardmoney lender is generally quite expensive, could you see taking out a construction loan instead. 

Hi my name is Scott, I've been involved in construction work for almost 15 years.

I do not have much experience as an investor but I do have a lot of expererience in the construction business and a little in real estate stuff.  

Believe it or not, I know a bunch of things in construction and a little bit about real estate.  

I'm most assuredly a "newbie"; new to self-storage, new to commercial real estate and new to construction.

Buying land and constructing looks to be attractive play to me . if real estate corrects by 15-20% then all i am losing is the 15% profit margin assuming i have assessed things accurately . 

I know very little about rehab or construction, so I am worried about taking on a fixer without a knowledgeable partner.My biggest challenge so far is how to accurately determine AVR without experience.