Lowering your standards invites expensive evictions and repairs. 

got out of flipping to new construction in our market in columbus ohio. licensed general contractor. when interest rates got high single family existing went down by 30% new builds sold at a 6% increase that year which demonstrated the desire and premium that new construction commands. never looking back. total control, rinse and repeat. we can get permits in 28 days. we can buy land cash in 21 days. we can build in 120 days to 140 days and keep moving. super scalable and easy and no risk. we build the same 2-3 Floorplans 

He said it's standard practice that they don't want agents there.

It's kind of disconcerting when I can only raise rents by 5% but insurance is increasing by 10% to 15% per year. 

And while I agree that debt is often the cheapest form of capital, if you are looking at a project that involves some form of value-add business plan, you can always refi either when rates come down or you have increased the yield on the asset to exceed your interest rate.But like Stuart noted, for many groups, even the most seasoned syndicators, raising call cash for their deals is effectively impossible.  

Most people that have been in school as long a you have develop high standards for themselves and others. 

This has actually increased our bookings. 

In most markets it is not a linear price increase.  

My initial thoughts when it was mentioned, was to push him more to a standard multifamily investing strategy.

Note at “standard” MLS market rent to price ratio, the property tax alone is ~20%.