I was sent an offering memo by a broker selling a multi-family building in an area no reasonable person would even consider affordable housing material yet the marketing materials made a point of emphasis to detail how the property would satisfy the need for affordable housing.

If thats the case, I am afraid they get delayed or even lost in the mailing.

Even if inspections aren’t required now, that could change in the future.

There’s almost zero chance someone is doing it on purpose unless they are running the water even while trying to sleep.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Consider connecting with local REI meetups, hospitality groups, or even online forums like this one to find like-minded investors.You could also pitch your successful track record to potential equity partners.

One thing to remember is that even within a specific market there can be subtle differences in areas.

Even then, if originated at a sensible LTV, the lender is usually made whole through foreclosure.

I would still consider investing in Sunrise but Sun Communities owns everything in my area so I see first hand how they run it and a few park managers I spoke with spoke highly of Sun Communities and even toldme they had applied.

I will check out the evens page to see if there are any upcoming in my area.