I'm currently based out of NH but am willing to work anywhere. 

Of course tenant attorney says there is no cause, tenant pays and there is no merit to the termination.Termination letter served (sent by PM 90 days prior that puts end date at 2/29/2024) is based on a lease paragraph stating tenant did not abide by lease regarding “agrees no drugs or other illegal substances will be used, manufactured, sold, or distributed, on, or from the property.”

Hello Bigger Pockets community.Trying to get base line number of what the average % yearly operating expense per unit is for a typical class C property, 2-3 BR on a 5 to 20 unit property.

The price of the property, and what the bank will finance, will be based on the income the property produces, the Net Operating Income (Gross revenue minus expenses) divided my the Cap rate.

And, while that's out of their control, modeling a conservative base case that assumes the same exit cap, or a few points higher can make all the difference. 

If you use HELOC, it will have to be in 2nd position, where you can pull up to 90% LTV based on what you own on your current mortgage.

I personally have never had any architect or structural engineer bid any of my projects or that of my clients based on a percentage of the construction, it is always based on time which is subject to complexity.

With that said, based on your comment that the income you receive from the S-Corp is not enough to qualify for a traditional mortgage, you may have to consider other ways to acquire the property such as owner financing or lease option. 

DSCR loans or Asset based loans would fit your scenario well.

@Mason Myers Pricing will vary quite a bit, based on several factors.