Most of the buyers are just regular folks looking for a home, so they are not at all thinking about cap rates. 

I think a lot of people like those on the Forum are entrepenurial thinkers and can design ok on their own, but of course there are some people who cannot design a doghouse and will need you for the whole project, lots of those folks out there..... :-)

I have no idea why folks spend a ton of hard earned money on these "guru"  classes.

These folks do not need to be licensed but there are limits on what they can and can't do, and they have to be salaried employees of the owner or report to a licensed property manager.

Happy to connect with you and suggest some folks to reach out to Miami. 

I love hearing stories like this about folks redeveloping depressed neighborhoods in big cities.

If those earnings didn't stay the same or increase, that could leave the lenders with folks that go bankrupt trying to pay for a property they can't make perform like you did.

Ya man, folks out in Cali are wild and have a lot of miss placed rage.

A lot of folks that buy at a distance are struggling right now.  

I know of some folks in KC and Memphis doing new builds like this, but they are doing it within a much larger and long-term project that includes upwards of 300-500 units built over the course of 5-10 years.Assuming you're looking in Columbia, do you have a "B+/C" neighborhood in mind?