I work with MF developers across the country walking through the same type of projects.

We will mostly do on-site visits, but we do virtual for smaller projects as well. 

I exchanged information with them and would stop by their projects for the next month to see their progress.

1st lenders in the area will not lend on a burn out. 2nd I am doing this project out of pocket essentially.

Many of our projects have Section 8 vouchers on them.

I’d like to go faster but my team is busy with other projects at different locations.

If there's anything I've learned over my entire portfolio, is that there are always more projects around the corner, they take longer than you think, and they're more expensive than budgeted.

The target rate I often see on syndication sites is around 15-18% IRR (and sometimes higher for new development projects).

In my New England market I’ve been able to source some amounts of cash flow but my appreciation has been phenomenal and the projections for future appreciation keep me from selling to attempt to find better cash flow.

You can not hold them until your death and leave them to your heirs tax free, they must withdraw them and pay massive taxes or sell them.