@Nick Cooper you can buy with as little as 15% down on a single unit property with conventional financing.

Financing-  build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.  

Since we were in it for the 1031 exchange and it was still a deal, we still followed through and close the deal.How did you finance this deal?

Can't give you suggestions for financing, but for where to buy look at Alberta or another province without foreign buyer. 

There is a turkey way to purchase,  financing that you can't find in most places in this market and boots on the ground to make sure the property is right for you. 

Although we’re not a local bank or credit union, we are independent mortgage brokers with experience in financing options that consider rental income rather than personal income. 

I think LLCs are over rated unless you have to hold the property in one for financing like most DSCR lenders will require.

You can still reasonably expect to find financing for those asset types.

Is there financing available?   

A total cost of 6.3Mn over 23 units equates to 274K/unit...this appears unbelievably low for San Diego...I'd want to see full development budget detailing hard, soft and financing costs as well as month by month projections showing construction and lease up cash flows.What's the 2.2Mn purchase price for?