The other part of me says, it's ONLY $4K and feels like a sucker locking in north of 5.00% interest in this environment.

Hi @Hyuma Leland the company is called Turf Terminators.Here's the article I found.http://www.dailynews.com/environment-and-nature/20...I'd be interested to hear how you go.I have no association with this company.

Sorry, that's just the environment today.

The other concern is you will get a lower quality of tenant that's less concerned about their living environment.

I'll detail more about the project below but wanted to lead with my goals in posting.TLDR;  Interested in links, advise, discussion, warnings, etc for proactively anticipating the next steps involved in planning, designing, constructing and managing large development projects from a General Partner and Owner's Agency role.The general state:- Partnered with owner contributing wholly owned lot with appropriate zoning for ~18 story mixed use set of towers (5 in total under current rough plan)- Very qualified architecture team signed on to deliver plan for design process- High level contacts with multiple potential building partners showing interest- Multiple funding options available in line with needs for initial tower's expected costsThe vision:- Emphasis on active community engagement and development- Net positive Electricity, Water and (as much as possible/practical under constraints) Food- Tightly integrated with surrounding environment with funds allocated to remediation and improvements of native ecology and community/pedestrian oriented accessibility- Digital nervous system (I have a technology background) with sensors to drive efficiencies and create digital connections between the various building components and it's residentsThanks to all for providing such a fun community!

Now many in the Bay Area as Minh has mentioned are very cashed up with their jobs and stock options etc.. so they can play the big boy game out of the shoot.. but they still won't get the deals if they do not network in person and create and environment to allow that to happen...

Given the rising interest rate environment we should be seeing over the next 5-10 years, some of these REITs will see declining values which will hurt the 10%+ dividend rates they pay.

I'm in the process of getting my mother on board with BP for she also enjoys the environment of home loving and real estate.

Plus check over the border in NW Indiana and find more opportunities still with lower price points, lower taxes and a more landlord friendly environment.  

Our current economic environment is hard on so many sectors.