low-mod housing may well be a tax credit program, so the land is already defined for the project and I doubt the developer will pick up more in that project, but may take it for another project. o may other investors, so now may be a good time to sell.Don't know what your property is so I can say it's a plus or minus.Biggest issue will be population concentration which leads to parking issues, additional traffic, and where there are more people there will be more personalities to cope with, crime could be an issue.Any objections may fall on deaf ears if the city has already signed off on a Sec 42 project largely depends on politics and the meeting is a requirement under such programs but it really is a formality.....however there could be a chance if all neighbors object...just depends.I'd ask what the % of low income and mod income will be, 20/80, 50/50 as that will indicate who is moving in.A nice project, regardless of who is in there almost, that is well managed can be a big plus.

Here's a tip for anyone who would like to monitor changes to websites...You can use free sites like www.changedetection.com or www.followthatpage.comYou will be notified whenever your specified web page changes by email, some also have text available.

Here's a definition of Functional Utility I found online, but @Jon Holdman explained it well already.The ability of a property or building to be useful and to perform the function for which it is intended according to market tastes and standards; the efficiency of a building's use in terms of architectural style, design and layout, traffic patterns and the size and type of rooms.http://www.accuval.net/insights/glossary/

In short, this is one of our favorite city on our list on our web site.

A seller will call a number or visit a web-site and fill out a questionnaire and new leads pop up.

Also, don't be afraid to use your creativity and networking skills to find deals.Amongst the endless list of marketing campaigns, a lead generating web-site teamed with a series of other marketing techniques is also helpful.

Very friendly to new members and they have a built in networking time so you can meet and build your power team.Their web address is: www.dfwreiclub.com. 

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The Purchase Agreement they sent to me has a Closing Agent listed; this was not somebody that I chose and I know nothing about them but a quick web search convinced me to be wary.

This is right off the Homepath web site:"Expanded financing opportunities are available for investors who may have existing financed properties to allow mortgages up to a total of 20 financed properties.