If the math works, $750K could be solid, but confirm zoning, density, and build feasibility first.

(Keep in mind that Math was NOT my favorite subject at school.)

Not all HML are the same...and you can certainly work with who you wish...but just know, if this math is accurate, then there shouldn't be anything out of your pocket.Now, with the draws I want you to think about how a normal contractor is paid. 

I once met a homeowner facing foreclosure and jumped straight into the math — equity, arrears, options.

The math doesn't make sense to me when there's great appreciation, but bad cashflow. 

This is also why generally in RE the game is played with OPM bc most real estate returns are pretty mediocre when all cash is used.But another factor that is not included in your math is the fact that your property will probably be worth triple in 30 years while your money market account will notTotally agree about OPM and would not park 500,000 in HYSA but looking at what past 30 years would have returned in S&P index fund is impressive.   

Fix & flip is a great way to build momentum, and it sounds like you’re laying the right foundation by doing your homework first.

We will definitely be doing our homework on this.

If you’re just pulling cash without a clear plan or strong numbers then yeah you’re taking on extra risk.It’s less about timing the market and more about making sure the math works with today’s payments. 

I would suggest you do a lot of home work on the company that wants to rent your home for this.