And actual major flood events in the last 45 years in reality have not come anywhere close to the elevation where this property is.

As such, it applied as Weak sponsor strength in its analysis.The as-is and as-stabilized appraised values of $457.8 million and $575.0 million yield as-is and as stabilized fully funded LTVs of 73.6% and 63.6%, respectively, indicating relatively high initial leverage.Based on elevated leverage, the portfolio’s suburban locations, Weak sponsorship, and other creditmetrics, the loan has an elevated loss that is higher than the pool average.   

Along with the monthly HOA's, there is always the risk of assessments and these aren't always emergency repairs like cracked walkways, broken elevators etc.

I would say its extremely important to have a quick (like 60 second elevator pitch) for why you want to enter the business and what returns you are looking to get. 

In my opinion, all have a general relevance for educational purposes to elevate your status within an industry, and this is applicable to most.

I am speaking at a meetup in JC this coming TUE (9-24) called Elevate and then I run meetups the first WED of every month in Northern NJ, WED Oct 2 is in Fairfield.

For example, giving a wheelchair bound tenant access to a service elevator that tenants normally aren't allowed to use.

Your fear of the system is unjustified and would be elevated if you actually understood the law and how it is applied. 

Your build out cost will be less competitive for the elevator systems, fire sprinklers, exterior parking spots- unless you do drive through load zones, and exterior wall surface.e. 

I guess if demand is relatively high in your area, you can elevate your requirements as high as you want.