Have you developed trust with your current property manager? 

SROs once populated much of NYC and has since been phased out through renovation, demolition and updates to properties.

Thank you,Aamna Hi Aamna - MTRs are certainly a newer thing and most DSCR Lenders (and pretty much all "conventional" or bank lenders) will be slow to adapt, however the more forward thinking DSCR loan providers have embraced it.I published an article here on BP just last year on the "next developments coming in 2024 for DSCR Loans" and MTR qualification was one of the main ones! 

Most residential developers specialize in one of three areas: - Entitlements & Permitting (Paper Lots) - Horizontal Development (Finished Lots) - Vertical Development (Finished Homes)Some developers focus on multiple, depending on the market, their risk tolerance, and other factors.Historically, we've focused on entitlements and permitting, with some horizontal development.

Greenwood Acres is seeing development by one of the areas premier builders, as is Camelot Forest.

Urbana has one of the only Level 1 trauma center hospitals in the state located outside of metro Chicago, the university is a source of furnished housing, and Champaign county is one of only a few counties in IL with a growing population. 

Paid down debt and bought development land parcels.  

Google purchased nearly 100 acres in Pataskala and I believe that will drive further housing development in the area.

. #2 Research the various markets you're looking into (population / job / economic growth currently going on in those markets) and then make your selection. #3 Start working with an investor focused lender / realtor / property manager and get good at analyzing numbers. #4 Once you're comfortable with everything and you find a deal you like, pull the trigger.

I currently have a commercial land development property on the market and am currently offering owner financing.