Any recommendations based on experience?

Any advice, based on your experience is appreciated.  

@Marcel Pean That formula is a base line. 

BRRRR is based on cash flow and you should be fine during a market crash.5) BRRRR requires less rehab.

Blake JI don't base my finial number on Zillow!

Dan Pezzano Continue to dive into the knowledge base here, but I'd caution you to hone in on a specific niche, to avoid working on 5 different strategies at once.

I make sure my clients offers are all legibly typed out, neat and easy to read, with realistic time lines based on the type of funding they have and due diligence they need to perform.  

Yes, it is not legal to cancel the contract based on the new offer, but nothing stops the seller to change the closing date or whatever is in the contract (except the purchase price, of course, this attorney can not change).

The second loan would be a 30-year fixed lower interest asset-based non-recourse loan.

@Christie Duffy  Very much depends on the end product quality level.... as @Jim Adrian mentioned, $125 per SF has been a base number we've used for new construction though my experience is in the burbs, not urban Hoboken.