Hey @Luis VilarI think those indicators are just fine to start with.

Stove and cabinets are fine.

Cap rates are totally fine for core and core+ investments. 

We are under financial duress payingfor a Loft downtown Poughkeepsie which was fine for two working adults, butnot for my 19 month daughter and a stay at home mother.If you take my plea into consideration, and continue to process the loan, wehave a VA Approved inspection by a verified HUD Consultant to include pestand termite inspection, a completed Appraisal and all the laborers involvedin our project are still in service and are taking percussions themselves toprotect their business, employees and ensure they are operating under CDCGuidelines.

As for your last statement on the rent being the same/going up... that's fine but it doesn't speak much to the market given that the economy has been going up the last few years too....I have so many more thoughts about your question.. one that @Ray Johnson touched on above...you mentioned your project is new - but what does that mean?

But that should be just fine for 1, even 2 or 3. 

I use Simplifile and it works fine.

So I'm doing the local part of measuring spaces, advising materials due to the comps, establishing and fine tuning a scope of work for client and contractor to agree on, etc, basically making sure things go smoothly and clients are well informed of all options/costs.

It is not like you made a totally wild bet, you will be fine.

Searching now I see your concern, it's a pretty fine line between paying debt and refinancing long term debt.