Usually it's because there is lake water or drinking water or groundwater degraded that can be contaminated by septic or your project. 

We are just talking about dollars but they also suck way more time in management.Infrastructure- Apart from the utility infrastructure I want you to think of amenities like improved roads, pools, clubhouses etc Delinquent Tenants and Poor Management- It is not unusual to purchase communities where the owners have not been completely forthright with their rent collection.

Sales price: $900,000Seller finance: $400,000 / 2 year ballon / 7% interest rate / interest only monthly payment: $2,333 / no pre-payment feeEstimated monthly income: $9,300 / Annual: $111,600Electric separated - water $450 per monthProperty taxes: $16,700 (with property value assessed)Property Insurance: $6,300Renovation Repairs $150,000I anticipate the Re-fi appraisal to come in at a conservative $1,150,000. 

All that is going to be used against them if things turtle up IE a water landing I think as Chris has stated as some of the high profile syndicators are having some issues but keep posting about their lifestyles I would personally not be doing that It just pisses off investors who are not getting their distributions or there are Cash calls right ??

I strongly recommend not getting a refrigerator with a water hookup they often leak and damage the floor or the downstairs unit or attract mice to the source of water.

Each class has different tenant pools, appreciation, turnover rates, etc.

I could move the water and gas line (for the water heater) to the other side of the wall which is the garage.

Same with the water heater.

Add the interest earned to a pool and after 2 cycles pull your start up principal back and lend "house money". 

You need to get in front of where things are going in your view; your view may be wrong, so take that into account too.My view on REI and a little in macro-- primo lands will be more primo, investor pools will run to chase dollars which in turn makes non-investment grade areas a better return on equity, managing and owning debt may be a better return than equity, international equity exposure may be superior to domestic, liquidity and cash reserves will remain highly valuable and the notion of all cash needs to be invested will no longer be pushed as hard.