A total cost of 6.3Mn over 23 units equates to 274K/unit...this appears unbelievably low for San Diego...I'd want to see full development budget detailing hard, soft and financing costs as well as month by month projections showing construction and lease up cash flows.What's the 2.2Mn purchase price for?

So for the investors I work with, we look at New Construction In vestment property.  

One way to do this is to work with builders to move their inventory of New Construction Investment property.

I have a in depth background in construction and tend to understand what quantifies as a major issue more then most. 

Many lenders are using an internal construction loans to replace Homestyle, ChoiceReno, and 203k out of simplicity.

When it comes to out of state investing unless you are doing the construction yourself.

I would try my best to fly there once a month during construction and do you think i can trust the gc to handle everything.

I received my desired density and $1.3M in imputed equity that recently allowed me to finance the construction at 87% LTC through a bank.

Cost segregation can be utilized for many different scenarios such as new construction, properties already owned and newly purchased properties.

This is a brand new construction.