Newly built apartment complex

[Adrian Peterson]

Would you feel comfortable purchasing a newly built, 5 unit detached apartment complex while it is still under construction but just 4.5 weeks away from completion? All Lease agreements have been signed @ the high end of the local rental comps. Builder will guarantee rents for 12 months. Sells price projects a cap of 4.5% which will be lower than the mortgage interest rate.

What are your thoughts?