We were able to tap into some gov't-backed low interest loans because our banker knew we were thinking about some construction projects around the same time he was sitting on excess funds.

This is my first project - talking with a seasoned property manager in town and several others, they think I'm too low on rent. 2.)

Most cases I will usually require about 15K to finish the project and then get an equity partner for that 15K.

What kind of project?

Project is located in Wilkes Barre City.

@Eddie Delaney Congrats on the project!!

As soon as a life event happens with that tenant they tend to start trying to renegotiate the rent lower, move somewhere cheaper, go buy a house to own directly,etc.There are some areas where renters are outpacing supply so landlords can almost do whatever they want in charging rents ( if rent control is not in place) but those are few and far in between on a national scale.Just think of if you are top market rents and do your purchase projections based on that assumption what happens when the market shifts and rents go from 1,200 to 1,100?

A few things about modular for your project. 1.

Also local architects that have worked on similar projects are a good resource and can help guide you through the process.

I am hoping to use the current bid so I can continue with my project, but if not that is fine. property is located in Brewerytown section of Philadelphia and is over 2k sq ft.