I was in Little Havana last month and it seemed like every block had multiple CMF being builtIt's a good area to look at and your criteria are right, I would go for that if the numbers are good: a lot is happening in Little Havana because of the Miami21 zoning ordinance, allowing developers to build more units than the ones now.

Some associations may find it financially unviable to maintain their properties, leading to potential sales of condo properties to developers.

Too many unknowns in development to add commitments during construction.

Let us know how it develops!

Cashflow is what brings a lot of people into the area, but there is a lot in the pipeline in terms of development and events (World Cup, NFL Draft etc). 

What are the most promising alternative lending strategies for financing RE developments given the rising interest rates and tightening credit conditions?

Thank for the help instead of holding them is there a way to market these to a niche buyer that is looking for some rental income, would the numbers work better as a true development and sale deal?

Obviously, I can't have this kind of relationship with my PM (we had developed a friendly relationship and I have no idea what happened).

Have you developed trust with your current property manager? 

•I manage all my properties myself.As you mentioned, I need to start exploring other developing markets.