Hey there, I am focusing on smaller MF properties 5-20 or 5-30 (still formulating my strategy) that allow for value add (i.e. there's a decent delta between the gross SF and leasable SF that would allow for another unit to be added, or garages that can be converted into maker spaces of some sort).  

Those are all planning issues, and the above answers will help you formulate a plan.

Pre screen every member of your core 4.Call 10 agents and pick one Call 10 lenders and pick one or twoCall 10 property managers and pick one Call 10 contractors and pick one.You will get experience talking to people and formulating a even clearer vision of that market.

Knowing bldg codes is important too; seismic, afci, anti scald etcI always formulate exit strategy during DD too, is it LTR/MTR/STR feasible?

How would you handle the following special assessment for sewer that directly affects our parcels: Our SSA was formulated to “maximize” our land usage, without consideration for current zoning (which is basically minimizing the land usage).Obviously, there is an extremely large difference between current zoning and the special assessment fee that will apply.

Completing due diligence is the best way to have the AHJ show their hand/cards, which then allows you to formulate a plan that minimizes the AHJ requirements & processes to potentially avoid costly conditions. 

I believe there are strategies and deals to be had for every market cycle, maybe it just might take more time to find them.I find it is useful to talk to many people involved in REI in your area to get their opinions (and property managers are definitely a great source), but at the same time you need to formulate your own ones based off your own research.

I am particularly interested in soliciting your insights for the strategic development of this entirely water-submerged property.Key considerations include devising inventive solutions to address the challenges associated with the property's submersion, navigating the regulatory landscape, and formulating a development plan that enhances its submerged value while adhering to environmental considerations.If you or a representative from your organization could spare some time to provide guidance on this unique situation I would greatly appreciate the opportunity to connect. 

Newbie here, trying to formulate a strategy.

If possible in the future try to formulate your rehab scope as early as possible i.e. during the due diligence period.