All that being said, I have shifted most of our marketing focus to my wife's realtor business, as that seems to be the best strategy in this market.

As money rises there tends to become a shift to more safe equity growth and wealth preservation while making acceptable cash flow that outpaces inflation.Just like taxes every investment strategy is different.

Peter if you go new subdivision pay attention to the size and solvency of the builder.The small builders that do one off homes or small to mid size cluster subdivisions those are the ones that usually can be in big trouble if an economic shift happens.Look at new build permits coming online for the area and the price range you are looking at.The big builders tend to be more experienced and can still finish out  projects with down turn so you do not get left with a pipe farm development where some homes and some empty dirt parcels.Nothing is foolproof but this can help.

This can shift the responsibility to the seller to leave a particular unit vacant to comply with your lender's requirements. 

The blame for poor situations isn't to be shifted or avoided but accepted and then used to as a catalyst to improve. 

A lot of times vacant properties are there for a reason - economic decline, shifting demographics and changing preferences.

The cash flow would effectively shift from $74.54 per door to $202 per door making this deal more attractive. 

Yes, I'm in Boynton Beach too and the redevelopment is creating some interesting shifts! 

The supply demand equation is just shifted too far to the demand side and it will take years to re balance that.

No comments on this specific issue but reading your line : The neighborhood is now trendy and property values have skyrocketed and will continue to do so I imagine.Its easy to believe there will also be future growth and then the market shifts, neighborhood etc.