While its nice to borrow as much as possible, the risk involved can sink someone as in most instances their is personal guarantees involved and lenders will bankrupt sometime to try and get every penny they are owed. 

So you can see instances where redevelopment and land value over time blends upward.

I do this actively networking with other investors, sharing content on sites like Bigger Pockets and Think Realty magazine, and building relationships with referral partners like wealth managers.Finally, you have to have the best people working with you from your lender partner, to your property inspector, to your property manager, to your insurance partner, and asset protection and business attorney.

They claim returns that would make any investor salivate, but market towards new investors with small investments required ($50k for instance).

Given that your governing documents state HOA liens are junior to mortgages, it further complicates their claim, as they may not have the right to impose a super lien in this instance.

For instance high net worth investors may want "A" location homes for tax benefits and wealth preservation.

For instance, a traveling professor from Europe may love the simplicity of a 300 sqft microloft, but a family displaced by a fire will not. 

I have also had instances, where the appraiser cut value tremendously. 

Also, may have instances in which if you go over a certain amount of useable sf you may have to fire suppress a building that would not originally have to be since it hit that minimum space requirement.

For instance, 4 bed 2.5 bath. 4 friends come together to rent it?