Properties with no pool definitely suffer through the hot summer months.

First off, has the developer provided you with a term sheet (not a commitment) from a bank showing they'd lend 75% LTC on a mixed-use development?

I do residential new developments in San Antonio and would like to do something in the RAL space to provide some value to a growing issue in the area.

BUT………when asked a DIRECT question, it behooves the person attempting to build trust to provide a truthful direct answer, not insult the person asking the question and not by saying I don’t have to answer that, and not by stating the same unclear statement that was the Catalyst for the question.  

IMO cash flow provides a way to mitigate the risk of unexpected expenses and loss of income due to vacancies.

Contrary to most business lending, the REI industry has a lot of "non-bank" lenders that provide attractive loans that can lower your cost of capital and improve your profit/cash flow. 

I went through similar experience when I purchase rentals from a turnkey provider in Indianapolis.

However, the suitability of buying and renting out a single-family home in Richmond can depend on various factors, such as market trends, rental demand, and property values (similar case with all markets, really.)Chatting with a local agent in the area can provide very helpful insights into the market, data, and specific neighborhoods.

- The market is in a little bit of a lull right now (buyers market), its a great time to buy, but slower time to sell (my primary business is flipping houses) I can supplement my flipping business by providing project management services/consulting, helping investors find discounted properties, etc. etc.

After I took over, I initially provided those 20% discounts for the first several bookings on each platform.