Some may call expecting appreciation in that market speculation but it is high probability, educated speculation which to me makes it investing.I would also point out that cash flow projections are also projections. 

I also have a 9 year background in construction in various aspects; estimating, project management, project controls, etc.I am here to learn, grow, and help.

Group investments don't take away the fact that you have to be able to analyze a deal (or read the analysis) to know whether its good or not.

I'm sure by now you have heard of "analysis paralysis", which is easy to get caught up in, believe me!

@Joe Garvin 73% is great...what are the lodging taxes like in your area.My wife and I are doing a mixed use project and building in 3 suites to be used as BnB...my expectation was 30% occupancy...which seems more in alignment with the BnB industry...is the high occupancy normal for you guys? 

The faster you foreclose the faster you get paid and the sooner you get to reinvest the money in to a new project.

This project is a revitalization of an old community center that has been out of service for many years.

Obviously before you do any of that you would need to see the rent roll and the T-12, and do a quick analysis of the numbers.

It's hard to know if the article got the projection right quantitatively, but Indy has not been a growth market and so directionally that part looks correct.Macro-level, the drivers to to growth markets are population shifts that are ocurring and a lot of people in northern states/cities have relocated to TX, FL, GA, NC, etc. 

I’m currently filling out a rental property analysis to assist with getting my loan approved.