My mindset is if the "real" asset (where I do a lot of work, manage rehab etc etc) can't beat the crowdfunded asset (where I do ZERO work) on pure cash on cash, I'm just not going to chase it.  

@Chase Louderback Thanks for your response.

There are very specific reasons behind each of these and others.All my best,Chase

Any one in this business that has Property Radar in their market I highly suggest you check it out.. falling for all those super secret lists of motivated Sellers that I see people on BP chase is puzzling to me when you have Property Radar which is that and so much more. .. you create the list in a matter of hours and then dial in.. this is for real not just buying some list of rehashed information. 

There are obviously a lot of variable at play here, but just from a birds eye view, It looks like the property would cash flow.How is the neighborhood it is in?

You can carry a bit of risk and chase the higher returns confident that over the long term the bumps will flatten out.

I've found Chase bank is great for LLC's, if you open a business account with them, they help you form the LLC.   

Comps are anywhere from 140-180My gut wasn’t feeling it so We stopped chasing it.

So for being in the GP box and not the LP box, thats a big risk premium (a bird in the hand is worth two in the bush); I should actually use some discount rate and sensitivity tables to support the risk adjusted npv of being paid from GP and not LP.

Until you become laser focused, your like a cat chasing it's tail and will never get started.Real estate development is huge risk, you can have huge rewards but you can also get go BK in mins.