You can even watch what properties eventually sell for and recheck your math.HINT: you should work "backwards" from the projected market rent to determine potential offer price.

What's the projected cash flow and cash on cash return? 

It will give you current and projected.

Key Questions:If projections were on target, what changed?

Projects get approved and scrapped all the time.

You can pretty easily determine average price of property in any given market (I can help you with this if you'd like) as well as projected rental income.

The markets where this might not happen are higher risk, typically historically shrinking markets often class c or below.Let’s say you buy a class b right n a non-shrinking market, rehab it right, get your high LTV refi to extract all, or nearly all, of your initial investment you likely (virtually certainly with  accurate projection on vacancy and sustained expenses) will have negative cash flow property using traditional LTR.   

Keep up the good work.Most importantly, run a cash flow analysis and understand how to assess the life-left in the property's components (or assess projected CapEx expenses) based upon your findings on any subject property.Outside of operations, running numbers is essential to your success.

Hello BP Community and specifically those in North Carolina, I’m a real estate investor with experience in quick flips, ground-up builds, and value-add square-footage projects.

In some cases I may use my own money to fund the entire project or just rehab cost but, I expect to make money on my money regardless. 4) Closing cost (again) when sold.