While opinions may vary, I rely on data to help drive real estate decisions and planning.Key ConsiderationsEducational Attainment: 77008 boasts higher numbers of residents with bachelor's (12,241) and master's degrees (5,739) compared to 77063.Demographics: 77063 has a higher percentage of foreign-born residents (41.02%) which typically indicates a strong rental market and with 76.86% renter-occupied versus 32.60% in 77008.Economic Factors: Median income in 77008 is $140,609 with a low unemployment rate of 3.37%, whereas 77063 shows lower median income ($51,899), higher unemployment (9.99%), and more families below the poverty level (16.51%), which may indicate economic diversity but also potential rental payment risks​​.Age Distribution: 77008 has more middle-aged residents (35-54) [8970 compared to 6,115] and a slightly higher proportion of young adults (25-34) compared to 77063 but both are popular with younger adults suggesting strong rental markets equally exist.

I think you could even add some of that style to an existing cabin.

If there are enough hold outs, new construction may become non existent and it may just be a few years of poorer performance.

Start with this 2012 post by Joshua Dorkens stating there are 28.1 Million "Real Estate Investors" in the US. Bigger pockets post
According to Biggerpockets stats https://www.biggerpockets.com/stats , over 1000+ new ...

If the business life cycle cannot be survived, deflation will exist and that is the worst outcome. 

Yes we exist.

A wrap implies you have an existing mortgage.

I am afraid your ask of 90-100% LTV on a low property price point and minimal experience simply does not exist.

Improvements are cost-effective when the cost of making them is equal to or less than the money saved on energy from those improvements.Cost Effective Test for Existing HomesImprovements to existing homes are cost-effective when they pay for themselves over their expected life span with energy dollars saved.

So, yes, each new offering is an opportunity to move to 506(c), but for these established groups with established networks that are limited by good deal flow versus capital availability there is no need to change the process and compliance requirements needed with a 506(c) offering, since the entirety of their marketing and raise will be limited to existing investors and/or referrals.Again, for OPs purpose, it doesn't make finding them easier, admittedly, but to imply that 506(c) equates to better operators is not true in my experience.