Build to rent is a great strategy if you are able to utilize some competitive advantages in your market.

And your competition will be a bunch of identical units...your pricing will always have a ceiling.

Moreover, office spaces often face more competition, especially with the rise of remote work and changing demand in the market.On a personal level, I prefer industrial real estate for several reasons.

So, I hope you have a speed dialer and a large cup of coffee.If you want low, competitive rates, fast closings and great service, work with a broker. 

but I do know that the land used for energy development is not in the same competition with endangered and threatened species as the desirable land in CA. 

It would be nice if you had a contact who was an actual mason not a marketer.  1930's construction is rare so maybe they cut some corners it was a global depression.  

Since our book, MTRs exploded and got very competitive in some markets.

They are thier competition and I know the owners.

Over the years, I’ve seen how a tight knit community sometimes means less competition and more welcoming neighbors.

Naturally, they are your competition and the daily rates need to be taken into account.