The high down payment is necessary so that the DTI ratio is within the range to be qualified for a conventional loan. 

I have sellers of a t6-8 zoned property that would take 1 million right now I'm sure in Wynwood Norte. we can go 12 stories through max incentives and put 60 dwelling units on it. we entitle the land it becomes worth 3 million, then you have construction numbers, sale prices, etc. miami is crazy. the best way to make money from a professional in this industry for 13 years who lives in miami and looks at deals in columbus and miami is development and getting involved in early development opportunities of raw land in urban settings where there is very little risk and pushing high density.

In the long run the demand may fall off a bit as the prices may get too high for travelers and they will seek cheaper vacations. 

(kinda scary to be leveraged at such high LTV) (right?)

If you're in an area with high demand on contractors you'll probably pay a higher per sf price than in some other parts of the country for a new build. 

When I think big picture it may be well worth it if the service saves me more than that amount or helps me generate more than that amount. 

Is this up to me to make sure I have a high end contractor to review and quote the property?

I think it is just slow for a lot of people right now.I like the nighttime outdoor pictures, the outdoor spaces and games.I don't think I'd list an air matress as a primary sleeping place.

The challenge I asked myself was, 'Can I make money in real estate even when paying high interest rates?'

Detroit is known as the highest rent to price ratio in the country…and we’ve found the perfect balance of price/location within the area.Here is a picture of my portfolio...