Screening is definitely an area I studied up on beforehand, and having a large graduate student population to choose from definitely gives me more confidence.

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

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.

. - property had TDR trasnferable development rights and can be built 5 stories on it.

Their entity structures are most greatly influenced by business development, venue for securities related laws and taxes, none of which are relevant.

Demand is a function of population change.

Enodo (Multi-Family investors, developers and asset managers) 6.

Flipping and other value adds is where the experienced investors are or if they are holding it likely is a development effort (such as adding a dozen ADUs).Good luck

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

I specialize in building and flipping properties, focusing on transforming houses into beautiful, functional spaces that create value for buyers and investors alike.With several years of experience in real estate, I’ve developed a strong foundation in market analysis, design, and project management.