Just make sure your cash flow doesn't get too tight.

You will have to dig to see where the property is at in the process.When I worked for developers we would keep things tightly under wraps so people didn't have much time to mount opposition to the plan.The zoning attorney also tries to picks times where most of the public won't show up.Even if you can't get the level of stories or use changed you could argue the developers finishes need to be higher grade and style.That alone might push them to another location because of cost.Once the project is altered to a certain point where the developer can't build density or has to make too many improvements to the roads,traffic lights,high end finishes to the build etc. the project becomes dead.Apartments right now are hot.Many plans call for more town homes but it is not profitable for many developers to build that in this environment.

When's the deadline?

This in addition to the tight financing requirements for building will make your potential tenant base widen.

Competition is very tight with multiple offers going into buy transactions from what I've seen.

When you earn something through hard knocks you appreciate it more and hold on tight through past learning experiences to not go back to that place again.This is why many with an inheritance or winning the lottery etc. are broke after a few years.

.- Get your system tight.

It is a very tight situation working with friends.

Rather than be all lenders to all borrowers on all types of deals, it’s much easier to define who your lending market is and specify extremely tight criteria they understand in advance and can apply up front.Whether internally defined or not, I don’t want anyone thinking I’m making it up on the fly.

Section 8 in Charlotte in particular has recently been much stricter on these deadlines so I would not be surprised this is what has happened.In terms of your recourse against the previous manager, good luck.