I live right over on Smith Street so I know this area well and would like to develop in my hometown.

I'm looking forward into developing my roots in the community! 

lat=43.1688001618486&lon=-77.6159378282709 I’d also suggest considering whether you live or work nearby, so you can stay informed about any developments. 

PadSplit has developed a platform that aligns incentives among residents, property owners, and communities to make affordable housing possible for the private market.

A contract developed 10 years ago might be outdated in ways that will cause you an issue.

Part of the funds we are taking from a “C” market and will invest in an “A” market thus increasing both our development and monthly cashflow returns.4.  

I've developed, use with all my coliving properties, and teach HPM (household-led property management). 

First off- $4.5M for 48 units and 50% are vacant is not a steal, unless this property is located in a downtown area and you have a contact with a developer who will pay 2X to build a high rise. $93k/unit for 50% vacancy doesn't carry hardly any debt, hence why they are capping you at $500k.

No way he could have grown his rental business that quick or developed scale, by buying his own properties.  

I think development is getting more and more common since we're so undersupplied in housing.