If it’s serious, getting a structural engineer to give you a second opinion is worth every penny before you think about numbers.From there, it’s really about deciding whether you want this to be a long-term rental or a quick flip.

Cash flow is non-existent after debt service and those distributions they are projecting are all just financially engineered by over raising equity on the front end to pay you back, giving the appearance of cash flow.

Take it to an engineering firm. 

The job this person had was in no way was a high earning  software engineer, attorney etc. 

We funded engineering and legal out of pocket, and the bank had a release fee every time we sold one property of the development. 

If you have at least $2-3k per month, I'd highly recommend investing in one of the following:1) Pay-Per-Lead2)  Search Engine Optimization3) Pay-Per-Click4) Facebook adsAll four are inbound marketing channels that will help you find off market deals.Of course, each of those have their own Pros and Cons.

Biotech and Life Sciences are also on the leading edge of many major breakthroughs such as Advanced Gene Editing, mRNA Vaccines, 3D Bioprinting, Cell Therapy, Microbiome Engineering, AI-Designed Drugs & Protein Folding, and Biomanufacturing.These employers are likely to continue to stay in the area for the proximity to Washington D.C. for regulation influence, proximity to the NIH in Bethesda, proximity to other firms in their industry to collaborate, and the large administrative and HR issues that would arise from trying to relocate headquarter or large campus offices since such a large number of employees have already planted roots in the area.

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So now I apparently have to get architectural and engineer plans and for this project which is a huge expense I wasn’t anticipating.

Recommend you get with your engineering firm and tell them what you want.