I am not sure what other details are needed to answer my question but I am feeling like these developers might be trying to take advantage of the fact that we aren’t that experienced in real estate deals.

To get real bids, you need a detailed written scope of work that includes finishes and a list of materials you will be supplying.

., Thank you for your detailed responses. 

Hello everyone,I am interested in learning your best practice to gather leads to then take the details from those leads to use the calculators on this site to determine if it will work for you.

Your analysis looks well done. 

Ensure you set minimum criteria for Cash Flow in your Analysis.  

I can think of three different ways he can do this, but it is based on details we don't have here. 

Also I posted about my project under the construction diaries thread if anyone is interested in the details.

Take a little more time to educate yourself on a few things:Market analysis: you need to do more than look at tax records or a Zillow estimate, both of which are bad toolsAnalyze rentals: 50% rule, 1% rule, 2% rule, and BP calculators.

Without even knowing the details, definitely pass.