Quote from @Thripura Vemireddy: HiThe return seems amazing in this market conditions.Would you mind tellingDoes 258k includePermit fee (soft costs…etc impact fee)Loan costSelling cost(realtor, closing costs)GC feeHolding cost(tax, insurance, utilities..)Thank youReddy Land is purchased as equity, turn permits in while we wait to close the home, once the site is entitled and "shovel ready" we close on the construction loan.

Still, as the market becomes very soft, there should be better deals out there. 

From boyfriend to husband is misrepresentation and that is cause for revocation of the lease.Do it softly but firmly by refunding ALL money's received in exchange for the keys.Had a similar case ending up in a full eviction within three months and had to redo the entire apartment too.

If this means I have to work harder so be it.Now back to Detroit, please don't jump in if you are a soft touch, its not for the faint hearted.

That doesn’t take into account any of the soft costs, costs of land, or construction overruns.

Anyways, I am looking for advice and asking those who have more experience and knowledge than myself.The property in question (located in SW Michigan) is quite distressed, missing walls, probable termite damage, damp/soft flooring, and probably many other issues. 

I have to change that in one of my houses right now... smhI will stick to soft white.

Here are a couple things that have come up a bit unexpected on me that you should consider: 1- You have a lot of soft costs missing from your stack that you will need to account for.

With all that being said, given our soft current market, if we do pull back a bit, now your depreciation isn’t what you originally expected either.

Thats why due diligence is a big part of development and thats why development is higher risk....because you have a lot of soft costs up front that you could lose.