I'd recommend the group but don't know much about some of the other programs so not much to compare it too!

You can look at area comparable rents.

Preferred equity, though also exposed, offers less upside compared to common equity.Sadly, even if we were in different market times (not down 30% off the highs of 2021) and your particular project was doing well.

What I’m assuming market rent to be is what available comps (rental wise) within the area that’s comparable vs what I’m getting rent for currently.

Comparatively to the markets in California and NYC, it is much harder to cash flow with how inflated the purchase price is of most properties in these markets vs properties in Philly. 

The key point is that data is typically interpreted as compared to expectations rather than month-over-month or year-over-year numbers.

Something just doesn't add up that this small, bedroom community would show up on this list compared to a Columbus or some of these other larger and more attractive metro areas.

If you are really trying to determine how your cost and margins fare compared to other builders, you had mentioned some of the national production outfits for instance as possibly benefiting from lower cost due to scale.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

Now taxes are cheap in SC compared to most places, so it's not a big issue that I run into.