Because the vast vast majority of potential sellers are homeowners (not investors or developers selling new), and will have to find another home in which to live.

Might be a nice change to not have people roaming around your house.

It looks very nice.

You need to have losses and you don't have much in the way of depreciation just yet, or not much at all.you need to consult a qualified professional how this development will be taxed. 

I can't comment on if there was discrimination or not in your case as I wasn't involved, but the above requirements would be in place if Jeff Bezos called me for a loan to develop a new Amazon Warehouse and was willing to personally guarantee it and pledge his personal mansion and pay triple the normal mortgage broker fee.

I think developers do well when they sell, but in my opinion is more risky than a typical flip due to the time that it takes.

In the 80's the housing market still quadrupled in many areas despite 18% rates.Here new housing developments have sold out before they are even finished.

@William Brock Yep it does have a pretty nice lake view and I would agree that is a nice perk for a STR in the area.

It gave us a really nice nest egg to roll into our 16-unit apartment complex that we own and manage now. 

Indianapolis in particular is one place I'm seeing a lot of good movement, but most of the others on your list look good.I'd probably be a bit hesitant about higher-end multifamily in Vegas specifically right now, thanks to recently delivered upscale developments and a big drop in rents (was seeing -3.1% YoY around October/November).