What is the status of the soft costs (ie tap fees and development fees) of your build?

I'd first slow down and develop some sort of subject matter expertise.

Owners come primarily in two flavors...the Micromanagers, that know more than you; and those that prefer being oblivious and not bothered with anything but the most significant incidents.What I have focused on is developing solid systems and processes in all operations with the goal of prevention, rather than constant corrections.

We just (re)developed similar technology for our Market Finder.

A lot of my out of state real estate clients really like this market because the macroeconomics look so good for this market - population is growing, job growth is growing, and so many companies moving and developing here.

It does not matter where you start as long as you develop your Core 4.

I couldn't believe the amount of development in Carmel - new apartment complexes with rents approaching California rent (over $4000 for a 2 bedroom apartment). 

 The law on restrictive covenants is very state-specific and developed through case law over time.

A lot of my out of state real estate clients really like this market because the macroeconomics look so good for this market - population is growing, job growth is growing, and so many companies moving and developing here. 

Additionally, there is current optimism with the new mayor, who is focusing on economic development and infrastructure improvements and literally cleaning the city block by block, further enhancing the city's investment appeal. miami doesn't have huge swings it's had 12 years straight of appreciation