So we really have a rural vs. urban political divide in the U.S., more-so than one defined by state borders.

My team and I have experience with land and urban infill development.

- Purchased a 1960's vintage building, 18 units, in 2017 for $1.5M- In a major urban city in the northeast- Put $400K down and have paid down $100K in loan (so the balance is $1M)- Purchased it to supplement my 9 - 5 and use it as a resource of income to retire (15 20 years from now)- It's comprised of studios, 1 bedrooms and 2 bedrooms. 

Hello Cheryl, purchasing a vacation home in downtown Seattle, particularly in the Belltown area, can be a compelling investment due to its vibrant urban environment, proximity to major attractions, and scenic waterfront views.

My new property is in a small urban town near NYC.

And it is happening faster than society can respond.

This is 70s style urban blight brought on by an unaddressed homeless problem and lots of crime. 

I can tell you institutional level capital or at least 95% of it wouldn't touch that kind of deal due to economies of scale, risk, population, no access to utilities, etc. urban centers is where we focus. large metro, etc. 

This may not be as big an issue in more urban settings.

I got quoted 7.85% with 80% LTV on urban and 7.25% with 65% LTV on rural.