Preferred equity.  

Personally, I would never live in PHX, but that is all personal biases (I prefer seasons and greenery), and clearly lots of people choose to live in PHX.At the end of the day, I would argue market selection almost only comes into play when you are talking assets that cater to institutional buyers that have to get investment committee sign off. 

The Falls at crimson commons, preferred needed - again due to bad original assumptions, cost overruns etc. 9.

So, what is my most preferred to least preferred, it all comes down to cost of capital.  

Definitely call your preferred lender to ask though. 

I don't want to take a chance on missing a preferred tenant over $15. 

I think if you leverage 70% of it you’re going to seriously cut into your cash flow and personally if I was going to have $7M in debt I’d prefer it to be spread over several projects built slowly.

We're willing to live almost anywhere in the greater Sacramento area based on what we can afford, provided of course that the property is in a decent neighborhood that has a good chance of attracting responsible tenants.As for budget, I believe we could get a conventional loan for properties up to $600k, but my strong preference is to find a distressed property (or seller!)

The warranty company takes its time accessing the situation, and then they tell you there is a deductible; they will only cover so much; you need to use their preferred company, and it will take three weeks.

My personal preference for a buy and hold would be an already established area (or an area that's still gentrifying, but has already seen significant progress).