I suppose it boils down to whatever your specific agreement with them is/was.

Happy to connect to hear more about the specifics of what you're looking to do and help where I can. 

I used to be in marketing and my wife is an interior designer (freelance). 

You might be able to get a better yield by finding a value-add project or a BRRR type property, but the market rate stabilized is 4-6% probably.Just be careful of insurance right now, it's been going up and seems to have stabilized, but it's still all over the map depending on the specific property and who is doing the insurance.

And I have done no marketing.

Purchase price: $1,410,000 Cash invested: $282,000 16 unit major value add off market multifamily apartment purchased in June 2022 without any investors or outside capital.

@Gene Maycan you be more specific?

In the NJ market how likely is cashflow in the first two years?

If you're custom building $100,000,000 in Palm Beach and that is their bread and butter market, they'll probably do what they can to make it right.

I can provide you my insights what i have learned in REI ($-$ analysis in turnkey's) - shoot me a DM if you have any specific questions.Cheers.