I know there is a huge shortage of housing and that has driven up price in the past couple years (along with other factors such as the pandemic, population growth, etc) so, I see listings for 2br-1bth for up to 2200 on places like Zillow, Redfin, etc.  

For newer developers, credibility often hinges on clear and compelling financial documentation.

I think the main factors you should consider in Florida are the following: 1.

Hi All, my names Josh, I'm a kiwi living in the UK building the portfolio with a unique business model which brings into other investors into a compoinding model with both Capital and perpetual returns.i have a well developed process and network here in the UK and New Zealand, wanting to explore the US market.

Not a silly question at all but the answer depends on a few factors.

This will allow the team to develop and review project processes and management strategies to move forward with more challenging, yet rewarding, properties.I come from a very process-oriented background (Mechanical Engineering), and my goal is to learn and develop each step of the process, from start to finish, to continuously improve the team and ROI of each project. 

With compensating factors I have a really good 15% down option on DSCR

Are you suggesting this wasn’t a result of pent-up demand but rather due to some other factor?

BTW, your "criteria" are likely just "rules of thumb" you developed (which is great!)

There are a ton of factors that do into this.