Hey @Jaycee Greene someone on our team handles the acquisition and lending/banking portion, we only do the monthly bank draws for construction costs!

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

@Fabio CattolicoFrom my experience, balancing career growth, cost of living, and real estate goals is a smart move.

You would need to bring everything up to code currently and that's going to be cost prohibitive.

I have been told by many any raise under $50M do a reg c exemption and $50Mmis the cutoff for a reg a+ and $100M for a reit due to setup costs.

At the end of the day, you won't make a pile of money, it will cost the developer more money than if they were just reasonable, and only the lawyers will be happy. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

The justification for eminent domain would be the cost of defending the current set up, health costs and environmental cleanup costs. 

By carefully managing the scope and cost of renovations, you can maximize the return on your investment.3.

Also, if you are a minority, WRA has the Partnership for Success program, which helps pay for your start up costs.