Other areas of the city it should be the cheapest unit but this is an area that has a lot of sophisticated buyers.

Typically, banks, funds, and traders will have an expectation or estimate on key economic data releases, often created through sophisticated, complex financial models.

These successful RE investors may know sophisticated localized value adds.  

While originally this tended to just be simple geographic area like a city, zipcode or subdivision, you can now get quite a bit more sophisticated.

Condos have had generally more trouble selling because of people's general perceptions of HOA fees. 

We don’t have time for off market hunt, nor do I pretend to be the kind of sophisticated investor like Don or Jay here, but then they are in a different league.

This can be a sophisticated value add opportunity.  

It could be something simple like making sure you have a legally compliant lease, or how to properly serve a 3-day notice for late rent, or could be more sophisticated of how to communicate with residents when their 4-year-old shoved their toy in the garbage disposal and they don't want to pay for it.

If you want to do anything more sophisticated, you need to be on the ground while it happens.5.

I think 50-150 units is no mans land and we stick to institutional level sized deals. his underwriting is too simple. the unit mixes are off we only build studios and 1 beds for fast absorption, the deal is also under parked without a parking study. anyone who uses "roughly" in their analysis isn't sophisticated enough. we underwrite rent growth, asset growth, and a million other assumptions this wouldn't pass any people I know who invest in deals. get with a More experienced operator and read more sophisticated underwriting. 400k per door new construction is crazy. how much is the land?