Best of luck with your project!

Brian also mentioned, him and Ron were renovating houses on a large scale and had been building a foundation for massive traction in the workforce and affordable housing market in the Mid Atlantic (my friend Brian is an active real estate investor and GSP’s lead project/property manager).

Most lenders won't require an application fee and should be able to clearly lay out their financing costs, cash to close, and projected profitability for you.I hope this helps.

Some other investors had purchased it to flip it and decided they had too many projects going to handle one this big.

Do you do any development projects? 

I grew up in the real estate industry watching my father raise money with a PPM for large multifamily value add projects and a developments.

Your project manager should know plenty of guys- delegate this to them3.

Right now, I’m actively learning and planning to start my first projects this year.

Local market trends: Could you share any insights into current rental market conditions and future growth projections for these areas?

And along with that, any insight into GP/LP on a project like this would be helpful.