Instead of a first timer getting schooled by a bigger project any help and advice is welcomed.

Charles, Jefferson, Franklin or Warren county Missouri and you want to help with some more in depth numbers in exchange for being put at the top of the list when it comes to getting this project built I'm open to that as well.

Hey Jonas welcome to the forumI think the HMO numbers you are projecting seem very high unless you do rent-to-rent, in which case you CoC return is very highI regularly get sent HMO deals in the midlands, but it's not my target market right now, so feel free to connect with me if you want me to forward any on to you

Once you have the "comps", you can use "cap rate" (if you so insist) to compare residential properties amongst themselves, or against commercial properties, or any other types of investments for that matter.If it were me, I would start with the "comps", and project revenue, expenses, loan payments, etc. to estimate my cash on cash (i.e.

That was almost a gut but I have a 3/2 lined up and has decent bones and I’m still projecting 25k in repairs.

Someone bought it from the bank for $65k, put on a new roof, new siding, gutted everything inside to the studs, new plumbing and electric.

At that point my project manager (and partner) started pushing him.

I am currently a Peace Corps Volunteer serving in Paraguay, South America, working on Agricultural/Environmental/Health projects in my assigned rural community. 

Ran into some surprises like a drive way buried under where the new driveway was going which needed to be excavated ($400)Roofing costs have nearly doubled since I was last in the construction business, I budgeted 3500, it costs me 5200.I did not recgonize that there was significant drainage problems in both the front and back yards when I bought the place. 

Windows and roof are approx 10 years old Fully occupied with great tenants.