A total cost of 6.3Mn over 23 units equates to 274K/unit...this appears unbelievably low for San Diego...I'd want to see full development budget detailing hard, soft and financing costs as well as month by month projections showing construction and lease up cash flows.What's the 2.2Mn purchase price for?

So if you search for specific terms like “real estate for sale” or something similar, you should discover a few solid leads that you never would have found otherwise.All in all, using the search feature is a great way to discover other connections to valuable real estate as well.

A bit of cross-marketing can hedge your bets.At the end of the day, ALE is a solid lead source, but only if your property ticks all their boxes.

Are the other parties to the agreement the property owner sharing the well and maybe an HOA?

I’d really value your insights and whether one has worked particularly well for your business.Thank you in advance!

Dumb Debt also means that the owner takes on recourse debt and personally guarantees it instead of non-recourse debt or other people’s debt (OPD) or cross collateralizes it with highly appreciated assets with low debt to value ratios.

Prioritize filling units with well-screened tenants and consider hiring a property manager for oversight.

Well, this article says otherwise. 

They can help you cross-check your estimates.It’s always better to overestimate expenses than to underestimate and face a shortfall later.

It's possible as well that many of Grocapitus' investors are simply not on BP.