Speculative investors might face higher carrying costs for undeveloped land or projects.

Higher generally with an attorney who does a few each year. 

For example, if a property is clearly a rental, does that typically have a higher chance of success?

Pros include securing the desired property and strategic planning, while cons involve higher costs, financing challenges, and complexity.

Your loan costs will come out of those proceeds, so you may want to bump it up slightly higher unless you want to cover those costs out of pocket at closing. 

Finally, The rent control discourages further development, limiting supply which results in higher rents.So rents go up, but the rent control advocates are too uneducated on the economics of the rent control policy to see their role in the rent increase.Another consequence of rent control is no value in keeping the property as nice.

The current use of the property as a two-family dwelling significantly impacts its value and marketability, which is distinct from single-family homes.The initial appraisal comparing your property to single-family homes is likely an oversight, as multifamily properties are evaluated differently due to factors like rental income potential and investor interest.

I explained to the landlord what my business plan was, and paid him a set rent amount each month (though slightly higher than market rate rent).

As seen above, average rates were in the 6.5% range and projections for both MBA and Fannie showed projected higher rates before they came back down.

Raising the rent and value add on my higher quality properties will get me more net rental income than continuing to buy.