This may look good on paper projections, but I'd say it is very high risk.

My projections are coming out nearly the same.

I cannot take full credit for it, but since none of my other partners it this project are on BiggerPockets I thought I would post it here.Details on the home for sale: https://wpn.mlsmatrix.com/Matrix/Public/Portal.aspx?

Do not look into at all or try to project what others will offer.

where else can you look to find someone who is interested in an investment on a multi million dollar project?

If you want to use this metric since you are a buy and hold investor, I would pick the projected year that the asset will be stabilized. 

Shoutout and/or direct message me if you are looking to collaborate and build a meaningful partnership!

With a big project like that, you will most definately go over projected budget.

I've made similar ones for school projects but they were not that sophisticated on input, though they were discounted.

@Kevin Means while both FHA and Fannie HomeStyle renovation loans are available for MF it’s only on owner occupied, but Fannie has the renovation loan available for investment properties, 1 unit, only 15% Downpayment, keep it in mind for future projects