We don’t have time for off market hunt, nor do I pretend to be the kind of sophisticated investor like Don or Jay here, but then they are in a different league.

comped the final product type and calculated build costs.

It could be something simple like making sure you have a legally compliant lease, or how to properly serve a 3-day notice for late rent, or could be more sophisticated of how to communicate with residents when their 4-year-old shoved their toy in the garbage disposal and they don't want to pay for it.

@Pete Harper out of curiosity have you looked at modular home products that sit on a foundation?

This can be a sophisticated value add opportunity.  

If you want to do anything more sophisticated, you need to be on the ground while it happens.5.

A simple explanation is DSCR is to finance the property based on the income or projected income of the property and a HELOC is like a credit card that will be given to you base of the equity of the house you are putting as collateral. 2 diffrent products consulting with a good mortgage broker that will provide you the information depending on your needs.

I think 50-150 units is no mans land and we stick to institutional level sized deals. his underwriting is too simple. the unit mixes are off we only build studios and 1 beds for fast absorption, the deal is also under parked without a parking study. anyone who uses "roughly" in their analysis isn't sophisticated enough. we underwrite rent growth, asset growth, and a million other assumptions this wouldn't pass any people I know who invest in deals. get with a More experienced operator and read more sophisticated underwriting. 400k per door new construction is crazy. how much is the land? 

In HOPES that market will not crash/correct itself in the meantime, that crews I hire will work diligently and timely, that there will be a demand for the end product when the work is finished, and my realtor will be able to sell it before I get penalized and foreclosed by the lender.

Our clients pick up the upside of getting in up front, the integrity of a solid warranty and company that stands behind our product, and management that is passionate about making our clients success a reality for years to come.