Lack of risk management is the biggest mistake people make in real estate.

Turnover and vacancy is a lack of money.

The previous record in Bridgeport was held by 333 State St, a 67-unit mixed-use property, which sold for $202,985 per unit in 2021.Business PlanThe building, acquired by the current owners 15 years ago, presented a significant operational upside due to their lack of experience.

In this case if you're the one with the lack of capital, you could be the one putting in the work to source and structure the deals. 

Initiating a conversation with a seller by presenting an offer under these terms can raise concerns, signaling, "I lack funds and need a favor."

So for lack of better phrasing, I need to know where the "good" low income areas are.. if any, and where I truly need to avoid going. 

I've sold properties to investors who hold portfolios and for lack of better word the properties are all trash and then I've dealt with some who have a well-oiled machine.

Separate from the lack of necessary information, I'm not aware of any market in this country that can support the costs of ground up construction, particularly in the scale you are envisioning  where 2 bedroom units are renting for $1400 without significant subsidies.

It was the fact that their interest rates were way below market rates.With all of that said- the challenge with NACA is the lack of a sense of urgency, poor follow-up, unavailability,  and a bad reputation with some listing agents  When you complete the training provided by NACA you then have to go out in the real world to get a deal done.  

Unfortunately, there are a lot of inexperienced GP's that are now tasked with making these decisions and even scarier, and beleive this needs more attention is the fact their LP's aren't even aware of their lack of experience or trackrecord.