I am working on a mock real estate development project submission, and I am looking for some general rules of thumb on how best to estimate the following:1.  

I am trying to use my real estate ventures to fund shipping container projects.

Now my question is, would you recommend such a large rehab project for a first time buyer/investor?

Even after renovation, the income you're projecting isn't enough to justify the price.

So, you may see higher COC returns than that 2%, you are projecting.

Any who I recently came across a house that was involved in a massive house fire and requires about 175k worth of repair.

Also willing to help out in projects as long as it's not climbing a roof :)

Raising money isn’t a do-it-yourself project, you need the advice and guidance of legal counsel that specializes in securities law.

Doing a syndication is expensive for the first round, that's why it's nice to have a few people you trust to form the LLC with you, and you can try out the process of raising money and meeting investor demands.If you don't have that kind of time, then I recommend investing in someone else's project.

Also, in regards to a MFH, I currently have some new construction quad (4-unit) projects going on with 4 buildings still available at this time.