Plus many of the homes, duplexes, triplexes and Quads are monster gorgeous brick properties that dwarf most of the other homes offered in some of these other cash flowing states. 

I sure hope this monster isn't as bad as it looks.

I used to work in consulting for the robotic division at DHL Supply Chain.

If you're building one at a time and one of the big monster production builders needs work done from your #1 go to, you need a backup plan, and a backup plan to that backup plan.#3. 

I've always bought and husband & myself done most of the work, and never have I bought such a monster of a place, with this much work needed.

I do believe that we will start seeing better prices as people start to try to get out from their monster debt with properties that are not doing what they thought they would do. 

Robots catching robots.

At the same time, many of these “investor friendly” lenders operate like robots without the ability to adapt to the situations that arise in construction lending which makes the construction administration process far more difficult than necessary.

Then with rental increases and refi you likely have 200 to 250 spread between debt and cap rate with monster cash flow for single tenant passive NNN property whereas if investors waited the sellers typically sell on 75 to 150 spreads in lower debt market times.

I wonder who their funding source is.. to fund these deals in any volume you need Monster lines of credit etc or if they just pitch them to a HML who is already up and running..