Difference this time around was the mezzanine piece of equity 20 years ago was debt financing and today it is investor equity. correct, the sudden U sharp decision by the Fed to increase rate the fastest since 1830 combined with three percent cap rate is recipe of wipeout.

Would be so much easier to combine deals together. 

Asset class conversion combined with capital raising and syndication, vertical integration, and in-house construction is the way.

The Administrative Relief Adjustment (AAR), as reported on Form 8982, will be combined with the Change in Accounting Method.

The development will be 170 units(combination of single family homes and townhomes).

Modern rehab

I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC.

We are currently designing a 2 bed 1 bath on a slab 720 square feet to be modern like this and it's extremely compact and will be on a slab. small homes in our market sell at a premium close to $300 per square foot.

A combination of both.

@Yunfan Wang, I would go with Denali and lighten the walls, definitely consider applying a lime wash to the brick fireplace to modernize it.