So if its an 8% annual return and the operators are depreciating the assets and use cost segregation, I am curious if anyone has estimates for passive losses on a typical project? 

Just as important, Steve is only asking 125k for the property, while zillow and redfin estimate the property's worth at 170k, this is worth double checking with local realtors but I can guarantee 125k is far below market value.

From those numbers, 3 of us and my girlfriend will be living in the house, so say 1800/4 + utilities estimate, we would come out to around 500/month each if we split the costs evenly.

So, apart from estimating your price by checking similar properties in the area, make sure that you also factor in all of your expenses such as appliances, utilities and taxes when figuring out how much rent to charge.

I walked through and estimated 28k in rehab.

I'm estimating $500 in cash flow at that point. 3.

You have to make your best estimated guess on what development costs are going to be and do you best to stick to those numbers.

My company has been doing residential Spec builds in Austin for the past 6 years or so and recently got into doing Custom builds, an architect we have worked with in the past approached us and basically he wants us to build a house he's already designed for his clients, (we are still in the process of meeting with them and doing estimates etc.), we verbally agreed on a 20% GC fee over construction costs, but I have a feeling he will want to split this 20% fee with us somehow as he tried to do something similar a few years ago in a project that didnt end up happening (he wanted to split the 20% in half between us) which we didnt think that agreement was fair at the time.

I'll write down the rates below. 2.75% - 0 lender credits - $1,327/mo mortgage2.875% - $1,200 lender credits - $1,340/mo mortgage3% - $2,023 lender credits - $1,337/mo mortgage3.25% - $4898 lender credits - $1398/mo mortgageI'm leaning more towards the 3.25% so I pay close to nothing for closing costs but obviously with the estimated rent, I would have to charge $1,600 to cash flow maybe $100.

We estimate that it would appraise for about $450K now!