If the last number in the column makes you smile then you do it.This applies to foundations, total guts, interest rates....everything about RE.

Its certainly hard to cash flow significantly in the current environment (high rates, high values etc) - I tend to think though that just "doing" a first deal even if it doesn't make too much is valuable versus getting stuck in analysis paralysis - the learning from the experience of actual doing it generally is 10X + even a ton of courses, info, spreadsheets etc

maybe re-verify the couples income to make sure it meets your rental income criteria.

I'm doing all our projects in Columbus Ohio but just relocated to miami. we do multifamily and mixed use development and entitlements I'll shoot you a PM. even people in miami that I meet the numbers are tough unless you do a high density proposal and are very well capitalized. 

I'm looking forward to meeting up in person for the first time in late June.

The ARV would be 780K at a 8% cap rate and I'd have a government contract to rent the units out to vetrans.

@Julie Hill I've got two listings in atlanta, there's been meetings discussing regulating it.

You would not be able to be classified as "materially participating" under what you propose, you must meet a couple of criteria to be considered including 100hrs+ spent on the business and more time than anyone else.

Charge the tenants a higher rent rate and include utilities with their rent.

Areas like these typically have low vacancy rates and high rental demand.