But the smaller and closer to the project the better.

It's in a challenging area where Section 8 is virtually my only tenant base—not a slum by any means, and the house itself is in great condition.Here are the options I'm considering:A) Keep and Re-rent to Section 8: By investing in some upgrades (paint, cabinetry, toilets), I can increase the rent to $2k (from $1800), projecting a cash flow of approximately $1300/month.B) 1031 Exchange into a Short-Term Rental (STR) in Shenandoah: This would involve using a portion of the proceeds to make the property Airbnb-ready.

I'm deferring my GC fee to build with higher equity and lower down how much cash is required for this partnership to lower the risk of the project.

I don't think of myself an expert but I have done enough to know basic strategies.

Sold over $100M in real estate & built a team only to tear it all down and be basically solo again.2.

Analysis like this was the norm for Build to Rent projects and for comparing MSAs.

Maybe your company doesn't match...but if they do, then that match should be factored into the projection.  

Yes you can save money and do some of the projects yourself with some of the smaller stuff.

My next project will be a new build.

We are looking to develop 10 (3 unit) multi family buildings on the land, I own a construction company so I'll manage every aspect of the project and finance it.I am having a hard time structuring a deal like this, that works for everyone.