I was even more skeptical of the Than Merril program though, which they seemed to be modeled off of.

Is it as simple as "We don't get returns until the project's complete" or are there financial models the include the early phases as part of 5-year projection.I don't think the risk is too high—it's simply higher now than it will be when there's a completed A-class building sitting there leasing up.

VR's are a totally different animal, they are difficult to model and trying to do a rehab in a remote location is likely an even bigger challenge.

The business model is to rent to business travelers for 30+ days.Feel free to PM me to discuss, and please search BP for “AirBnB from landlord” and similar phrases.

And, actually, if you ask around at a car dealership, you will find that a lot of them (incl the F&I guys) are former 2007-era MLOs who like the pay-for-profitability model. 

Hey everyone - I am working on a model and looking for some metrics related to new construction cost in the Reading, PA area. 

We would like to try a new business model for one unit in order to go through the process and see how it goes.

Not my expertise, a lawyer can help you with that.You mean you want LLC to own the property, or you want to own the property not your partner? 

The DoJ encourages the industry to come up with all kinds of pricing models.

I'm guessing you're not a licensed agent, so what is your business model here?