There will be local who monitor that forum and should be able to provide firm recommendations....while here you might get some stranger down in Texas commenting ;)  Just an idea.

He is going to manage the construction, monitor the budget, and work with a realtor to sell the house upon completion. 

More weight will be given to the price per unit and/or price per square foot given the size of the building - smaller buildings are weighted more in "price per pound" so to speak.If your intent is to list it and let the market compete (which you should if price is most important) - then your market will affect how much you can pro forma rents.

@Joe Gore @Phillip Dwyer @Scott Pigman   Joe your In the 1960s  times they be a changing.read Phillips response he has it laid out how it is.. the new lock box's can be programed to only open at certain hours and certain days and you can also access them with your I phone app. . .they will send an e mail to the owner of the lock box ( agent)  the minute another agent access the box .. they are really pretty incredible and depending on the agent very valuable tools to monitor showing's.

We also hired a next door neighbor to do it for awhile; you would need to monitor quality.

That is like taking a 5 pound weight and you are swimming and barely get above water for air and another weight that is heavier than before is added onto your neck until you go under.  

It's a matter of weighting the pros and cons.

Monitoring this topic can't wait for updates! 

Yes, the WAY, weighted average yield, for the net yield, look to the weighted contribution of cash and leveraged funds to the total.

indexId=spusa-cashpidff--p-us----Thank you though, I am well aware of what a weighted average is and use it on a daily basis.