When I bought it, the returns were looking nice at a $1,100 per month rent estimate but it's nice that when construction was completed the market rent was $1,275 per month so that was an extra bonus of $175 per month per unit (or $700 per month total) over my initial cash flow projections when I signed the contract to buy the properties.

This cap rate is determined by sales comps.The play for new development is to take on projects where projected NOI/build cost is higher than market cap rates.  

I know I am missing the mark, with that, any and all criticism will be greatly appreciated as you will play a part in my investment journey.

It's a fun game to play with friends.

I perhaps could have gotten a better rate on my mortgage and of course not having mortgage insurance to pay would be a bonus, but otherwise I have no complaints about my house.

I just play one on TV.

This is where being a good "salesperson" comes into play.. 

I played contractor, leasing rep, and sales rep.

I want them out, so they should leave or I'll have to play hard ball.3.

If you’re concerned about owning and controlling the building, condos probably won’t ever be a good play for you.