Find out what new construction sells for in an area, absorption rates, master the local zoning and the path of growth. 

I wanted to get the boards opinion about the area regarding crime, the rental market as there seems to be alot of renovated units on the market so I am concerned about absorption and lastly thoughts on rental rates if you have experience in the market.  

I assume there will be some sort of absorption in that phase but who knows.

I've researched market fundamentals for a few cities throughout the states (looked at population growth, rent-to-income affordability, labor force growth, construction-absorption rate, etc) and jumped right in by visiting those cities in-person.

The pro forma is using 3.5 unit per month absorption rate.I have had a 3rd party market study completed on the area and they estimate a strong demand for these units at 4-6 units per month and good growing demographic in the area of ages 55-74.OK HERE IS WHAT WE HAVE NEGOTIATED:At 24 Months Stabilization we refi and payback $500K of our original investment, so we still have $500K left in the deal.3 Months Later take out permanent loan with non recourse permanent loan.

Some parts of Brooklyn, Queens and Brooklyn have an absorption rate of 6+ months which indicates a 'Buyer's Market'. 

Absorption rate and vacancy rate. 

Net absorption rate in Vegas has ticked down over the past few months. 

. 👍 there's 150 billion in the pipeline of columbus it's a very robust market. top market this month for month over month rent growth for multifamily as well as top 2 year over year. we have high absorption capacity for new construction.

I use different tools to track the migration of people, birth and death rates, jobs created, economic growth, occupancy, absorption, rents, etc.