Has anyone here had experience with this type of project?

Don't buy anymore land courses and just take MASSIVE ACTION.

Expect delays and unexpected expenses: No matter how straightforward the project seems, having a contingency fund for emergencies is essential.Your Team matters.

It helps to know which plumbers or electricians like a remodel project vs a new build project.  

Best of luck with your project!

Analyzing the neighborhood and the asset condition is the key to projecting accurate returns. 

The program was created to give low-income tenants an alternative to living in federal project housing.S8 sets their rental rates to the LOW-END of market averages, if not slightly below.

So developers are building multifamily on these parking areas.Since these areas aren't located on top of residential areas, the zoning approval process has a lot less friction and resistance from NIMBYs.Here's an example in Rochester where an old Sears was turned into apartments for seniors.https://www.passero.com/projects/skyview-park-senior-housing...For multifamily developers, this could be an opportunity for building and partner with the mall owners.

This is a hard money product,you typically just need a 10-20% down payment, funding will be 80-90% of Purchase Price + 100% of rehab cost.AS LONG AS THE TOTAL LOAN AMOUNT IS LESS THAN 70% OF THE ARVOnce the project is complete you can then refinance into a DSCR loan.

Lane Kawauka (sic) or something like that is the one who lost a project and 10 mil of investor equity POOF.. there is a thread on it on BP  @Chris Seveney Chris is good with BP he could probably put the link to the thread up if he is not busy.