Being new, I'd read that the market cap rate was some number that should be floating around and you just needed to find the right person to ask.

The trade-offs, as mentioned, are interest rate vs leverage and fixed vs floating.

There are several posts that have floated around on BP in the last couple years that list a bunch of names.  

:)NEVER listen to the regurgitated stuff floating around.

That number is going to need to be higher today to compete with all the cash floating around in my market.

So today, I would imagine if you have a savings account with extra funds/float money, it could be utilized nearly the same and just as effective. 

Boone/Banner Elk (Watauga County and Avery County) have literally hundreds of millions of dollars worth of new construction happening right now in a relatively rural area, making, per capita, one of the fastest growing counties in the entire United States, but didn't make the top 5 in North Carolina? 

But before hiring an attorney, you should just call the developer direct to float the idea to them to see if there's interest.

I was able to sell only one unit to keep me a float while things were rough and slow. 

Obviously, I'm not talking about HVAC or electrical work here, but I've become pretty handy at putting in hardwood (bamboo) on both a slab (free floating, not glued) and upstairs where I nailed them in to the sub floor.