Additionally, we have paused the approval process for the 72-unit rental building due to the current uncertainties and complexities involved.Our original plan has been disrupted, but we believe in the potential of Corktown—a rapidly developing area with immense promise.

To further boost occupancy and revenue, consider revisiting a dynamic pricing tool like PriceLabs, as it works best with more time and data to adjust rates competitively.

Out-of-state projects add another layer of complexity.

The data plans are reasonable ($50/month) and the service seems like it would be more reliable through storms and outages. 

What data have you ran to support your rental rate and what are the average DOM for around the same time last year?

Zach called me and told me they were changing my loan because they were going to consider my loan a “new construction” as oppose to an existing structure rehab or even complex rehab (considerations I’ve experience with other lenders).

. 😉  Lack of investment capital (money) ought never be the obstacle because if the deal is right, the money will always appear.Then, you’ll need great data sources both for identifying opportunities and confirming the facts.

So there are a million realtors, loan originators, accountants (RE is, for most, not complex vs other small business.)

You can do any strategy you want personally so long as the market data supports a 1:1 under STR, MTR, or LTR income strategies.

I'd be surprised if the complex doesn't have individually metered units so you may be able to eliminate the utility expenses unless those are for common areas like walk ways, parking lot or laundry.