I decided at the time that I wouldn't pursue it as I convinced myself it was risky in case the neighborhood turns for the worse.Well, the property I purchased ended up renting very quickly and for $200 above the projected rent and the property next door just dropped in price, so it's looking attractive again.I'm hoping BP can convince me one way or the other. 

Using correct vacancy rates, tax numbers, and rent projections will allow you to compare deals across markets.

This is not a complete rehab project.

I'm just trying to create a solution here.Also because of the condition of the house and trailer, I only see it as a rehab project.

After many years of reading about real estate and drooling over development projects, I found a network of people that were willing to show me the ropes!

I also have 12% projected as management cost and I’m figuring that cost at full occupancy to remain conservative; however, based on conversations so far I believe I can get this down to 10% of rents collected.I see this property throwing off roughly $1,812in cash flow ($151/mth).

Quick question, I've been looking at rehab projects with contractors and have been asked to disclose property information (asking price, ARV ect.)

https://altos.re/r/85542a0    Here is the city were we currently building out a 23 home project.we are priced new construction at 439k to  469k  exactly the sweat spot.. we have only 5 left after starting the year with 21 to sell.. this project will start to finish in just about 1 years time.although from the time I put the first deposit on the dirt to the time we went vertical took two years.. so total 3 year process. 

I found posts like this to be helpful when I was first learning about investing in real estate, so hopefully someone on here can get something out of it.Our goals were to cash flow $100 per month per door, have a cash-on-cash ROI of 12%, and achieve a total return of 20%.Purchase price: $179,900Our loan is a 30-year fixed rate residential mortgage at 4.25%25% Downpayment: $44,975Mortgage Payment (Principal & Interest): $663.75Operating Income$26,435 scheduled gross rents (4 units)$(1001) vacancy$600 garage rent$11 interest$26,045 gross operating incomeOperating ExpensesProperty Management (10% of gross rents): $(2543)Leasing fee for new tenant placement: $(550)Sewer: $(1397)Water & Trash: $(1232)Lawn care/mowing: $(350)Gas & electric during vacancy: $(228)City occupancy inspection aka government extortion fees: $(183)Maintenance & Repairs: $(3594)Property Taxes: $(2009)Insurance: $(983)$(13,069) gross operating expenseNet Operating Income: $12,976Mortgage P&I: $(7965)Cash Flow Before Taxes: $5,011Cash-on-cash return: 11%Equity Accrued: $2275Total Return: $7286Total ROI: 16%We hit our cash flow number almost exactly at $104 per door while our ROI and total return came in a little under our projections, but pretty damn close.

There are no deadlines for completion on the project.