Exhibit 1A-18

31 Unit Affordable Housing Building CENTURY WEST MULTIFAMILY INCOME REIT, LLCKansas Street Development31 Units Affordable Housing Building With a Letter of Intent to partner on the Housing Partnership Program (HPP)

31 Unit Affordable Housing Building Financial Analysis KANSAS 100% AFFORDABLE APPARTMENT BUILDING: 4 STORY 31 UNITS TYPE V - A APARTMENT BUILDING WITH 100% UNITS SET-ASIDE FOR AFFORDABLE HOUSING INCLUDING 5 UNITS FOR VERY LOW, 25 UNIT FOR LOW INCOME PER SCHEDULE I & 1 UNIT FOR MANAGER WITH AN ACTIVE FLOOR AREA IN FRONT. UTILIZING LETTER OF INTENT TO PARTNER THROUIGH HPP PROGRAM WITH PATH (A NON-PROFIT SUBSIDARY ORGANIZATION) PROPERTY INFORMATION & ASSUMPTIONS Affordable 1BR Units 30 Market Rate Units (Manager's unit) 1 Section 8 rate of $2,096 Per Month ($ 2,096.00) Manager's, at $2,200 Per Month ($ 2,200.00) Vacany & Collection Loss 3% REVENUE & SALE ASSUMPTIONS Extremely Low 1-Bed unit income: ($ 754,560.00) Manager unit ($ 26,400.00) Potential Gross Income: ($ 780,960.00) Vacancy ($ (23,428.80) Effective Gross Income ($ 757,531.20) Less: Operating Expenses (25%) (Including Real Estate Taxes, Property Insurance, Utilities, Repairs and Maintenance, Management Fees, Payroll & Benefits, Advertising & Marketing, Professional Fees, General & Administrative, Ground Rent Other Expense ) ($ (189,382.80) Net Operating Income ($ 568,148.40) Projected Sales Price per Unit ($ 447,008.97) Exit Value ($ 13,857,278.05) Less: Purchase Price ($ (2,600,000.00) Less: Property Taxes (est. at 1.25% of purcahse price): ($ (32,500.00) Less: Construction Cost & Developer Fees ( 17,432.00 Sq.Ft x $279.34/Sf) ($ (4,869,454.88) REIT Increase in Value of Holdings / Shareholder Value ($ 6,355,323.17)

Building TypeSquare Foot Cost Estimate ReportLocationStories HeightData ReleaseBasement IncludedYear 2023LOS ANGELES, CA 17,432.00Floor Area (S.F.)LaborType 4.00 11.00OPNApartment, 4-7 Story with E.I.F.S. & Wood Studs4350 Kansas ApartmentsNoCost Per Square Foot$279.34Total Building Cost$4,869,514.70Estimate NameCosts are derived from a building model with basic components. Scope differences and market conditions can cause costs to vary significantly. 4350 S Kansas Ave90037 Area entered is outside the range recommended by RSMeans.Date:12/17/2022**AddedPartially SwappedFully SwappedAssembly Customization Type :CostCost Per SF% of TotalQuantityA Substructure$179,672.54$10.314.4%Standard FoundationsA1010$121,188.18$6.95Foundation wall, CIP, 4' wall height, direct chute, .148 CY/LF, 7.2 PLF, 12" thick$68,546.72$3.93638.00Strip footing, concrete, reinforced, load 14.8 KLF, soil bearing capacity 6 KSF, 12" deep x 32" wide$43,128.80$2.47638.00Spread footings, 3000 PSI concrete, load 200K, soil bearing capacity 6 KSF, 6' - 0" square x 20" deep$9,512.66$0.558.14Slab on GradeA1030$41,575.32$2.38Slab on grade, 6" thick, non industrial, reinforced$41,575.32$2.384,358.001

CostCost Per SF% of TotalQuantityBasement ExcavationA2010$16,909.04$0.97Excavate and fill, 100,000 SF, 8' deep, sand, gravel, or common earth, on site storage$16,909.04$0.974,358.00B Shell$1,216,999.24$69.8129.5%Floor ConstructionB1010$377,719.10$21.67Wood beam and joist floor, 12"x16" girder, 8"x16" beam, 2x10 joists @ 16", 20'x20' bay, 75 PSF LL, 102 PSF total load$352,736.52$20.2413,074.00Fireproofing, gypsum board, fire rated, 1 layer, 1/2" thick, 8" steel column, 2 hour rating, 8 PLF$24,982.58$1.43692.23Roof ConstructionB1020$40,050.02$2.30Wood roof, flat rafter, 2" x 12", 12" O.C.$40,050.02$2.304,358.00Exterior WallsB2010$228,393.79$13.10Cement stucco, 7/8" thick, plywood sheathing, 1x8 fascia, R30 insulation, stud wall, 2" x 6", 16" OC$228,393.79$13.1011,228.80Exterior WindowsB2020$327,036.93$18.76Windows, aluminum, sliding, standard glass, 5' x 3'$327,036.93$18.76187.15Exterior DoorsB2030$112,951.68$6.48Door, birch, solid core, single door, hinged, 3'-0" x 7'-0" opening$46,524.00$2.6712.00Door, steel 18 gauge, hollow metal, 2 doors with frame, "A" label, 8'-0" x 8'-0" opening$66,427.68$3.816.00Roof CoveringsB3010$130,847.72$7.51Roofing, single ply membrane, mb, app modified,granule surf cap sheet,torched,180 mils$11,243.64$0.644,358.00Insulation, rigid, roof deck, extruded polystyrene, 40 PSI compressive strength, 4" thick, R20$27,943.89$1.604,358.00Roof edges, aluminum, duranodic, .050" thick, 6" face$12,463.51$0.71319.00Flashing, aluminum, no backing sides, .019"$3,871.53$0.22319.00Gutters, half round, stainless steel, 28 ga thick, 5", mill finish$11,742.39$0.67957.00Downspout, stainless steel tubing, Sch 5, rectangular, 3" x 4", mill finish, X.H. thick$59,879.49$3.44319.00Gravel stop, aluminum, extruded, 4", mill finish, .050" thick$3,703.27$0.21319.00C Interiors$1,111,785.55$63.7827.0%PartitionsC1010$281,068.61$16.12Wood partition, 5/8"fire rated gypsum board face, 5/8"fire rated gypsum board base, 2 rows-2x4 framing, same opposite face, 2" fiberglas insulation$209,803.80$12.0415,495.111/2" fire rated gypsum board, taped & finished, painted on metal furring$71,264.81$4.0911,228.802

CostCost Per SF% of TotalQuantityInterior DoorsC1020$135,177.01$7.75Door, single leaf, wood frame, 3'-0" x 7'-0" x 1-3/8", hollow core, louvered pine$135,177.01$7.75125.41FittingsC1030$353,657.75$20.29Cabinets, residential, base, hardwood, 1 top drawer & 1 door below x 24" W$165,957.63$9.52266.71Cabinets, residential, wall, two doors x 48" wide$134,261.81$7.70133.35Cabinets, residential, counter top-laminated plastic, stock, economy$53,438.31$3.071,167.54Stair ConstructionC2010$57,684.98$3.31Stairs, wood, prefab box type, oak treads, wood rails 3'-6" wide, 14 risers$57,684.98$3.3113.95Wall FinishesC3010$89,003.92$5.11Painting, interior on plaster and drywall, walls & ceilings, roller work, primer & 2 coats$60,059.05$3.4558,881.42Ceramic tile, thin set, 4-1/4" x 4-1/4"$28,944.87$1.663,099.02Floor FinishesC3020$95,138.13$5.46Carpet tile, nylon, fusion bonded, 18" x 18" or 24" x 24", 24 oz$46,726.04$2.689,238.96Carpet tile, nylon, fusion bonded, 18" x 18" or 24" x 24", 35 oz$25,269.34$1.454,358.00Vinyl, composition tile, maximum$5,646.53$0.322,091.84Tile, ceramic natural clay$17,496.22$1.001,743.20Ceiling FinishesC3030$100,055.15$5.74Gypsum board ceilings, 1/2" fire rated gypsum board, painted and textured finish, 7/8"resilient channel furring, 24" OC support$100,055.15$5.7417,432.00D Services$1,543,342.66$88.5437.4%Elevators and LiftsD1010$161,378.48$9.26Traction, geared passenger, 3500 lb, 6 floors, 10' story height, 2 car group, 200 FPM$161,378.48$9.260.58Plumbing FixturesD2010$275,792.31$15.82Kitchen sink w/trim, countertop, PE on CI, 24" x 21", single bowl$79,727.04$4.5731.00Laundry sink w/trim, PE on CI, black iron frame, 24" x 20", single compt$4,144.23$0.241.74Service sink w/trim, PE on CI, corner floor, 28" x 28", w/rim guard$9,883.46$0.571.74Bathroom, three fixture, 1 wall plumbing, lavatory, water closet & bathtub share common plumbing wall *$182,037.58$10.4431.00Domestic Water DistributionD2020$134,828.30$7.733

CostCost Per SF% of TotalQuantityGas fired water heater, residential, 100< F rise, 50 gal tank, 63 GPH$134,828.30$7.7331.00Rain Water DrainageD2040$6,528.17$0.37Roof drain, DWV PVC, 4" diam, diam, 10' high$2,893.54$0.171.45Roof drain, DWV PVC, 4" diam, for each additional foot add$3,634.63$0.2172.63Cooling Generating SystemsD3030$178,674.51$10.25Packaged chiller, air cooled, with fan coil unit, medical centers, 40,000 SF, 93.33 ton$178,674.51$10.2517,432.00SprinklersD4010$71,262.80$4.09Wet pipe sprinkler systems, steel, light hazard, 1 floor, 10,000 SF$13,787.15$0.792,789.12Wet pipe sprinkler systems, steel, light hazard, each additional floor, 10,000 SF$57,475.65$3.3014,642.88StandpipesD4020$84,457.35$4.84Wet standpipe risers, class III, steel, black, sch 40, 6" diam pipe, 1 floor$23,528.85$1.351.00Wet standpipe risers, class III, steel, black, sch 40, 6" diam pipe, additional floors$31,827.75$1.835.00Fire pump, electric, with controller, 4" pump, 30 HP, 500 GPM$29,100.75$1.671.00Electrical Service/DistributionD5010$287,756.58$16.51Underground service installation, includes excavation, backfill, and compaction, 100' length, 4' depth, 3 phase, 4 wire, 277/480 volts, 2000 A$120,107.50$6.891.00Feeder installation 600 V, including RGS conduit and XHHW wire, 2000 A$125,021.25$7.17150.00Switchgear installation, incl switchboard, panels & circuit breaker, 120/208 V, 3 phase, 2000 A$42,627.83$2.450.90Lighting and Branch WiringD5020$307,530.44$17.64Receptacles incl plate, box, conduit, wire, 10 per 1000 SF, 1.2 watts per SF$72,157.15$4.1417,432.00Wall switches, 5.0 per 1000 SF$29,983.04$1.7217,432.00Miscellaneous power, 2 watts$13,255.29$0.7617,432.00Central air conditioning power, 10 watts$33,818.08$1.9417,432.00Motor installation, three phase, 200 V, 15 HP motor size$8,576.00$0.492.00Fluorescent fixtures recess mounted in ceiling, 1.6 watt per SF, 40 FC, 10 fixtures @32watt per 1000 SF$149,740.88$8.5917,432.00Communications and SecurityD5030$35,133.72$2.02Communication and alarm systems, fire detection, addressable, 50 detectors, includes outlets, boxes, conduit and wire$20,342.47$1.170.394

CostCost Per SF% of TotalQuantityFire alarm command center, addressable with voice, excl. wire & conduit$14,791.25$0.851.00Internet wiring, 2 data/voice outlets per 1000 S.F.$0.00$0.001.00E Equipment & Furnishings$70,540.50$4.051.7%Other EquipmentE1090$70,540.50$4.05Architectural equipment, appliances, range, 30" free standing, 1 oven, gas, average$45,026.26$2.5831.00Architectural equipment, appliances, dish washer, built-in, 2 cycles, economy$25,514.24$1.4631.00F Special Construction$0.00$0.000.0%G Building Sitework$0.00$0.000.0%Sub TotalContractor's Overhead & ProfitArchitectural FeesUser FeesTotal Building Cost$4,122,340.49100%5.0%$206,117.020.0%$0.0012.5%$541,057.19$4,869,514.70$236.48$11.82$0.00$31.04$279.345Developer Fees ( Permits, Project Management, Insurance, Inspection, Security, Survey, Temp Power, Toilet, Fence, Utility Metering, Trash &Hauling, Cleaning )