Here’s what to know.State Equalized Value versus Taxable ValueBack in 1994 Michigan passed the Headlee Amendment:(http://www.legislature.mi.gov/(S(k5m2va1uyfgwtbyjf4nqb1bx))/mileg.aspx?

Quote from @Chris Seveney: Quote from @Jay Hinrichs: Quote from @Evan Polaski: @Hyun Supul, without diving too far into this, and the devil is always in the details, when I see this, I can't help but assume this whole offering is a way to for them to raise pref equity for their own deals, but wait, that won't look too good, so let's layer in some private credit, too.It says it will lend money AND invest pref equity into MF deals owned by Disrupt and Open Door Capital.Questions to ask: what allocation is going to loans versus pref equity in their own deals?  

Next bad news is there is only 12 1/2 acres there, versus the 25 we bought.The surveyor the day before had gone to the land registry to get a map.Contacted the Buyer agent we use, and asked to make sure his group did the title search as noted before. 

Best bet is likely (not absolute - everyone's situation is different) is to look at a national lender or broker that has options in lots of states - its a great development versus 20 odd years ago, with technology, internet, places like this - can have access to many more options than before (local broker or lender thats it)

I just want to make sure we are dividing out the cash flow we can spend versus the cash flow we should save.

I would check your price versus competition and check your length of stay discounts.  

It's better to pay more, knowing you have something secured versus cheaping out and not even closing. 

I've seen a few hundred dollars for lease renewals versus they may charge a month's rent to find a tenant and you are reducing the risk of having a bad tenant with the turnover.

I can tell you as a Banker it is much easier and you will get a lower rate if you do a cash out refinance versus a Heloc in this market.

Just wanted to revive this conversation: Any recommendations on one versus the other?