We do tons of urban infill, ground-up spec construction, and residential development, but they key is having someone in the ownership group with a wee bit of experience.

(We see 20-24 per acre in my area)   Different when you are doing urban infill with residential highrise.  

With regards to "red tape" I'll tell you that the week after we closed on our property we received a letter from the historical society welcoming us as new owners, but they also informed us that any work done to the exterior needs to be approved by them first.

What I have been seeing is that current estate planning is NOT serving modern society and families.

But what have HUD policies got to do with foreclosure law.EXAMPLE 1SUBJECT TO MORTGAGE RECOVERY ADVANCE FROM XXX AND XXX, WIFE AND HUSBAND TO UNITED STATES OF AMERICA, ACTING THROUGH THE RURAL HOUSING SERVICEEXAMPLE 2SUBJECT TO PARTIAL CLAIM DEED OF TRUST FROM XXX TO THE SECRETARY OF HOUSING AND URBAN DEVELOPMENT

With an increasing demand for affordable housing options and steady population growth in the area, small multi-family properties are becoming attractive investment opportunities for investors looking to diversify their portfolios.Spokane offers a unique blend of urban amenities and outdoor recreational opportunities, making it an appealing location for tenants and potential property buyers alike.

With so many resources available, 100% financing programs, down payment assistance programs, urban development programs, places where sellers are begging you to buy their homes, and platforms like this for free training and guidance why do so many people who want to get in REI fail to actually get their first home under contract. 

I'd recommend mixing in more commercial to balance out multiple assets, buy a liquor license for a few hundred thousand, etc to make the deal work a little better. columbus hospitality isn't as strong unless you are in the urban core but even then I'd go for a lower risk asset class like multifamily and retail mixed use. hotel is very strong operator but management intensive.

The nineteenth century idea that the wealthy only work with their minds while the poor must work with their hands seems to be reasserting itself in our society. my Drywaller has 400 employees and a company Jet !! 

Another strategy that is gaining more popularity in urban markets is Co-living.