.#2 who will object- what are the neighbors- start bringing them cookies and listening.#3 parking is going to be the biggest problem I guess not even knowing the location#4 plot plan, CCR's, budget, bylaws, 

If you still have questions, feel free to contact me by private message.Also, the answer will depend on your situation and objectives, return requirements, risk appetite, ...

After-tax cashflow + Principle paydown + Appreciation (the only subjective component in the 4 metrics) *The first 3 are just arithmetic, the 4th has some objectivity to it.You could analyze an accelerated paydown scenario on a buy/hold property and you would see your returns drop faster based on your invested equity.

Overall, if the main objective is to get C/O based on the new appraised value of the property post rehab ASAP, alternative financing programs could be your best bet.

The American consumer likes fancy objects, cars, designer clothes and bags.

Option 2 seems to offer the highest immediate liquidity, but it's crucial to align your decision with your overall financial objectives.

Here is the article: https://www.biggerpockets.com/...What I don't understand though is that objectively using 0.7%+ as a rule involves taking more risks that a deal won't be beneficial perhaps especially if you are just starting.

Everyone has different risk tolerance and investment objectives. 

Our objective is to find GREAT tenants and then treat them in a way that encourages them to stay. 

When you have a project where the ability to sell homes will be the main factor that determines success, you will have a tough time meeting your objectives if adequate demand is not present.