Multi family on the very low end will start around 400 for a big project.  

The key is buying properties significantly below market value, keeping costs low through self-management and maintenance skills, and taking a long-term view to build wealth through forced appreciation and equity capture over time.

I dont know your market but EVERY broker in the world will over promise upside rent and poorly managed (inflated) expenses. do your own DD on both of them and come up with your own pro-forma to evaluate.

We’re members of the country club and are there 2-3x a week 😂 I also manage 5 in that town alone.

A couple more things to consider as you do this, and I've overseen 100+ apartment units renovation that we've owned and managed so I have some experience in this. - If you're already tearing out the cabinets, maybe see how much more it would be to re-pipe the water lines or re-place exposed sewer lines.

(There's nothing passive about managing the rehab!)

While the lag between the meeting occurrences and the minute’s release makes much of the data stale, the minute’s releases can indeed move markets, as investors can gain further insight into the conversations among voting members.An additional driver of rates is the quarterly release of a “dot plot” showing each Fed official’s projection for interest rates for the upcoming couple of years.

The only other way to get this info is to run rent/lease comps yourself (~10-15min), or do enough projects in that area to where you have it.Or for Thousand Oaks, etc:Or if we have a choice between two projects in different markets, I can use this chart to compare the two rental markets:-Basically anything to the right of 0 means the rent price/sf/mo has been growing QoQ, and the height is the current $/sf/mo of that market. 

Just finished 2 projects and looking to buy more. 

I remember the early 2000's and there are a lot of 'pre construction' projects that never came to fruition..not suggesting not to invest there just dive deeper into fundamentals.