I am also a project manager and a architectural designer for a real estate developer in NYC. 

Possibly lower returns than projected because of statutorily mandated interest rates following court judgements.

Here's a project we sold to Taylor Morrison that will have this new type of housing.

It balances stability with potential for appreciation, especially if you find a reliable tenant.On the other hand, for investors with time, experience, and a willingness to take on higher risk, active strategies like value-add projects or flipping might yield quicker returns but require deeper involvement.

@Rene Hosman The only time I've seen them is larger buildings that have financing and the success of the project is contingent on a certain occupancy number, but then again what project isn't :) That being said, I'd always write concessions to start on the second month of full rent.

In my experience, making on-time payments and making it clear that they are the first lender I am calling to fund a project have been necessary to building a strong relationship fast. 

I have spent the past 12 months as an independant contractor and wish to finance a project.

I was drawn to the accessibility of their projects without needing to be a FUND, along with the extra benefits that come from their large-scale output.As an investor, my priorities are finding good deals, investing in landlord-friendly markets, and transitioning to new construction properties.

I only charge markup on maintenance if it's a larger project that requires more coordination, supervision of the work, and inspection after completion.

That should really be the deciding factor...is it necessary and a large enough project to include the permit process?