The rub here is that there isn't an agency option that anchors the market like there is in the $1MM+ MF space.  

As a rough guideline, you can start off (or anchor) with around fifty cents on the dollar of what the home is worth ARV.

We have two major hospitals, 5 universities, multiple anchoring global corporations. 

Your primary focus should be the people - an amazing cash flow prop can easily turn into a huge anchor if the people you trust to manage it drop the ball, so focus on looking for a team (turnkey or self-assembled) of people that you trust to be with you for the long-haul.

Don't anchor your $$ down.

The building will become a homeownership center, anchored by a credit union.

I basically have seen it as a pursuit that will get me the income needed to invest in real estate, experience with high level deals (if I do get a RE Law gig), a valuable niche within great network, and a career to anchor me.

Purchase price: $1,250,000 Cash invested: $250,000 Sale price: $25,000,000 Commercial Shopping Center Development, Entitlements along with National Anchors & Jr Anchor

The amount of creativity is endless, but it is always structured or anchored in basic accepted categories acceptable in an area.

Because Madison is anchored by state government, the U of W, and healthcare.