Good Day Bigger Pockets.
I am working with a group of investors and we are considering building an 18-Unit apartment complex. I have done the math as it relates to condominiumizing the project and selling it off - BUT in terms of the long-term hold; the numbers do not make sense.
What number (%) do you all use for management when factoring and calculating the cash-flow-analysis? I am determined to find a way to make this project work and it surely does if all units are sold off independently BUT from a rental stand point I am seeing that cost of construction, plans, permits, city fees, and the dirt itself - this may not work.
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