When it is a new development, it isn't uncommon to see someone use the date the Certificate of Occupancy was issued - perhaps that marks the "ready", but it still might not be "available".So you can certainly have a property in service in a given year, but not actually have any rental income - but certainly your facts and circumstances are much better if you can actually get a tenant in there, that (should) shore up your defense on that question ever coming up unless you are playing weird games just to get a given in service date for tax purposes.

For example, let's say there was a major development on rent control, that would allow me to pivot and understand next steps.

I was able to connect my mentor with a CEO, COO, and Chief Development Officer all from different parking companies. 

I was running construction and development for a company that owned a massive piece of land they had developed over the decades.

For example, brick homes can last hundreds of years if taken care of compared to some new stick built development homes.

Anything you buy in Columbus will appreciate like crazy because of great macroeconomics - there's population growth, job growth, and companies like Intel, Google, Amazon, etc. moving and developing here.

Hello, I recently purchased a property and right across the street is what seems to be a vacant property in a developing neighborhood.

There are a few big developments coming going up that will likely be new buil leased units.

I get builders risk policies for all my new builds and at least in the markets I built in Charleston SC  and Portland Oregon have never seen the fence and security and like you I would have trusted my broker to mention something like that.. fence and 24 hour security is just not something you do on ONE SFR rehab.. unless its a known high crime area like South side of chicago and now inner city Portland you really need the fencing etc other wise the homeless and druggies will walk off with everything.. when did a bunch of rehab loans in South Jackson MS same thing theft was off the charts and we had houses burn down .. but the dollars were much smaller.I know I have gotten larger policies for my bigger developments and I did pay my lawyer to go through them line by line and at the end of the day they really cant say what is or is not covered.Also you simply would not think of anything in Colusa county as being high crime .

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