Very low unit count and the rents weren't as strong as I wanted them to be. 

If you know that something major will need replacement in the future, increase the monthly amount you are depositing into your reserve fund.

In a cash scenario, they’re only looking at the finished project and the rent its generating.All that being said, if I were you, I would start sooner and just do a straight up rental property with a loan.

Naturally, at least for me, it raises a yellow flag that they increased it this late into the offering. 

I'm guessing the management company would collect all rents, pay expenses etc and the individual LLC would just own the real estate.

I got one done at 65% LTV cashout and it was on a free and clear owned asset worth 900k that had 12 month trailing history on STR sites for 500k in rent, yes 40k+ per month. 

Bagley is a good area, but getting pricey.Boston Edison is prohibitively expensive for rentals - you won't get enough rent vs acquisition price. 

My second property I just purchased in January, a 3 bedroom 1 bath condo that rents for 1,300.

(with conservative assumptions on annual appreciation - 2%, and annual rent increase - 1%, as well as 5% vacancy/maintenance).I see so many people say they only go for properties with at least 15% cash on cash returns, which seems extremely difficult in this market

Are the other units rented long-term with leases in place?