Quote from @Shelan Davis: I have house under construction in Cape Coral with Whitestone Developments.

I did get grandfathered in and the area where I bought is in a nice part of town. 

Building small units in small counts is expensive development.  

Everything is nicely organized and labeled.

Purchase price: $814,000 37-Unit - HUD Section8 HAP MultifamilyOverall the project was situated decently well at closing, occupancy was mid ~85%, and overall the property was in very nice condition.

For those more entrenched in the Denver development market than I am, is this a fair trade for the city and for the developers?

I’m committed to keeping my options open and continuing to learn about being a landlord to ensure I’m well-prepared for my first purchase.To improve my ability to analyze deals, I’ve developed a two-part plan:Join a local BP meet-up group to discuss my goals and support others.Continue learning and engaging with the BP forum.Thank you again for your guidance—it’s truly appreciated!

First off, has the developer provided you with a term sheet (not a commitment) from a bank showing they'd lend 75% LTC on a mixed-use development?

Nice thought but not reality by a MILE.. real estate is full of dreamers..

Essentially, I own 1% of a piece of land there that RAD plans on developing over the next few years.