BTW, never use cap rate to evaluate a property under 5 units.

He's been evaluating the OKC market from several different angles and could provide some insight from a Denver perspective! 

I'm not sure that the banks would dive in to save you - the facts here demonstrate extraordinarily high risk, especially considering that you don't appear to know how to evaluate a market or evaluate a property (or at least that you didn't evaluate this project correctly).Anyways, good luck

There isn’t a right or wrong answer - but I think you need to evaluate what your goals and risk tolerances are.

We are currently evaluating Real Estate Investor software to find deals outside the MLS. 

I have attached (before the rain) photos below to give you an idea of the lay out.My question is if anyone could recommend a contractor in the East Atlanta metro area that would install french drains and regrade land at a discount or evaluate and provide a cheaper solution.

Trying to evaluate software for my property business.

But I think you need to seriously evaluate what your expectations are out of this relationship and where its going.

Are you talking bout 1-4 unit MF or going 5+ for commercial?

I don't think this is a good time to buy a SFH.I am in discussions about partnering with a couple of friends on a project, but we're in the very beginning stages of evaluating and deciding on the direction we want to go.