Is it possible that below this section is ledge, a dome, or some other massive rock formation that "Seemed entirely stable"?  

I fear that the price of a one bedroom apartment (one parking space) in Lohi cannot go much higher and we have a massive inventory of apartments being built downtown these days. 

It's hard to know if the article got the projection right quantitatively, but Indy has not been a growth market and so directionally that part looks correct.Macro-level, the drivers to to growth markets are population shifts that are ocurring and a lot of people in northern states/cities have relocated to TX, FL, GA, NC, etc. 

I just purchased my first property in Fayetteville, NC and it's going to be a huge project!

We could find ways to still have multiple projects going on even though this option would absorb more money.

Hi @Roger EvansI know this is a late reply to this post, but if you ever need visuals done for a project of yours, large or small, please let me know.  

From what I have read, investigating the principal (company) that is putting up the offer to invest in their project is one of the most important factors, along with making sure the information presented matches the investors' portfolio needs.

I assume that will be added to the cash invested.What was the purchase cap and your project year 1 cap?

Don't base projections on being fully leased.

For future projects, you could check with your accountant to see if that works for y'all.Hope this is helpful!