2) For Fund 2 investors, would it be beneficial for Ashcroft to sell the buildings now so we can recoup some of our investment instead of the fund losing $580k/year, buying more rate caps, and having a capital call?

And my #1 issue is I don't see any actions to address this in a meaningful, market specific manner. 

One of our biggest clients plans on building more up there and meeting another GC or two would certainly make sense.

I find that amusing as I was told I was buying the last “two” buildings and I better hurry or they would be gone.

.: Hello All, I'm interested in building a Mobile Home Park on some property I have in Texas. 

If this is your first property, you could consider starting with a smaller apartment building and going after the opportunity first, and the property as a secondary consideration.

It makes sense for your new build but you'll have leverage something (fixed rate) to get out of that loan. 

 Hey GUYSOver the years, I’ve worked on creating high-converting funnels for marketing agencies, and one thing I’ve noticed is that the core principles of attracting, nurturing, and converting leads are just as relevant for real estate investors.I’ve been diving into strategies that could help investors streamline their deal flow, attract motivated sellers, and build better relationships with private lenders.

Also you seem to be motivated to build since you already have these lots. 

If smaller living space was the answer we could just build a boatload of 1000 unit apartment buildings.