Ultimately I would say the market you are evaluating is much more impactful than a few % in LTV these days.

I've also heard that it may be a more heavily impacted area during economic downturns, as may be happening soon?

I just don’t want that to negatively impact the ARV in any significant way.Thanks!

@Tyler Heath I was worried about COVID and its impact on our market as well, but so far I haven't really seen it impact our market as far as my rent collections on my personal properties and for those I manage. 

You should NOT be thinking more doors is better over how it impacts you.

You'd free up so much money to invest with, and create an amazing flow of cash to immediately impact your situation.

One thing to consider is today's historically low interest rates which will have a big impact on your long term cash flow.

I'm sure it might make potential party planners think twice and hopefully does have a positive impact. 

They will also help ensure you can build the project on budget, which is why we like to get involved during the design phase if possible to work hand in hand with the architect to make adjustments as needed before finalizing construction drawings.In this case since you already have plans... sending them out to bid with 2-3 contractors should turn up fairly comparable quotes, so pay attention to how they each handle processes, what systems are in place etc... that will heavily impact timeline and adherence to budget. 

One of the assumptions you make when underwriting is your exit cap rate, and those will impact your projected results.