I looked into this at more than one occasion, because Milwaukee has such an old housing stock, everything is 60-120 years old.Most of the new apartments we see are 4 and 5 star developments with very high rents, this allows to offset the high cost of construction a little better.

Many of also argued that forcing out many STR's will impact our tourism revenues, which we're very dependent on, as many travelers won't come here if they have to stay in a hotel.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

Of course, this is all done before we spend money on inspections, etc.It's all about the relationship you develop with the team on the ground.

lat=43.1688001618486&lon=-77.6159378282709 I’d also suggest considering whether you live or work nearby, so you can stay informed about any developments. 

If you don't have the funds yourself, you need to develop a solid relationship with those that do.

However, I’ve developed some rules for when I utilize a subject to or wrap transactions as both.  

I use a spreadsheet I developed to determine my entry costs, carrying costs, cash flow, tax write offs, appreciation and exit costs.

Quote from @Jaycee Greene: Quote from @Jamie Parker: @David Mares The short answer is to build and develop the area.

So I'm in the early stages of developing a beginning strategy for myself in Las Vegas.