Madison also has had tons of development lately in higher end apartments too so stay away from anything that would compete against them.

If anyone wants to partner up to get into some larger multi-family units, let me know. cavan, I'll shoot you a PM we do ground up multi in columbus as well as land development for larger multifamily with underpriced land 

Also areas where you have trusted family and friends that can give some feedback on local growth areas, areas that might be deteriorating or areas that are development embattled.

Are their firms that do preferred equity placement for $7-10MM condo development projects that are only looking for $1-3M check or is that best just through a HNW?

I'm looking to apply these skills to lending/mortgage banking, investment/property management, acquisitions or development. 

This is not a rescue type situation nor a new development type situation but rather an existing high occupancy project, but why can't a sponsor raise enough common equity?

Conduct thorough research on market trends, property values, and future development plans in the area.Networking with other real estate investors and professionals can provide valuable insights and opportunities.

I'd recommend doing some research into what markets you want to target (landlord friendly / growing population / economic drivers and developments) of those markets. 

Are there any upcoming infrastructure projects or developments that could impact property values in these neighborhoods?

Blue Crane (grandsons of Sam Walton) has recently acquired a big chunk of property in Bella Vista and has plans to do some mega developing there.