If it is middle of the road and you have an appetite to rent in the low income market, it could be a good fit. 

I want to re-pull data out of that 280k BUT suppress the 40k I already pulled.  

Rahm turned the water department from a utility service into a revenue stream - if everyone were to switch to meters to lower their costs, the city isn't just going to be ok with collecting less money, they will simply raise metered rates to match the revenue they have now budgeted to collect from that particular stream of city revenue - which is why you are now seeing metered rates rising significantly this year as inflation causes costs to rise - they will always need to raise their revenue streams to match both their rising costs and their rising appetite for public funds to plunder.  

I have not priced building a multifamily in recent years but I would imagine that the cost would run about $165/sqft or more at cost, especially with a fourplex as you have 4 of all those high-ticket items and I believe a fire suppression system is required on new fourplexes which can easily be 60k or more. 

This is really about what is your appetite for risk?

So I think there's appetite.

There is most likely not the market size or appetite for accredited investors only.  

This should be based on your portfolio size, the ownership structure of your portfolio, any insurance lending requirements you may have, your past loss history as well as your general appetite for risk.

There's a local credit union in Baton Rouge who has an appetite for lot loans right now.

Hey David, just depends on your appetite and schedule.