If they worked in a buggy whip factory, probably not.

NAFTA could hit Windsor if things go unfavourably, and no doubt this would have an effect on the local economy, as did the closing of the GM plant and related factories in 2009.

Winsted was a factory town for the most part and you can see the shells of buildings downtown that used to be the factories. 

Garage sale corporations, created factories overseas, leverage hostile take over, got into lending business then lost billions.

Here is a great white paper on the topic published by Old Capital:https://www.wealthgrowinvestments.com/wp-content/uploads/2017/06/Multifamily-Financing-101-FINAL-2017.pdfAnother factor is getting a sense of the market for the debt of your project.

At that quantity you could go factory direct.

Also, thanks for pointing out the burn out factor... I

The factory pick up is really a cool thing to do.   

The most important factor is finding a good company to partner with in a strong market.

. $500k won't buy you much in San Fran but is a pretty healthy budget in Jax.One smaller factor is that Duval county doesn't charge impact fees on new construction (and is the only county in Florida that does not) which is great for developers but not so great when there's no money for maintaining our schools.https://www.jacksonville.com/news/20190423/duval-voters-to-decide-on-proposed-sales-tax-referendum-to-pay-for-replacing-repairing-renovating-schoolsAlso this isn't Florida or Jacksonville specific, but in times when the stock market is particularly volatile real estate investing becomes more appealing even with lower returns.Personally as an investor I find all this out-of-town investing a bit annoying (increased competition and increased prices) and am concerned that these properties potentially aren't well maintained.