Employing conservative underwriting, maintaining a DSCR of at least 1.5, consistent reserves, never using floating rates, and limiting leverage to 65% loan-to-cost ratios.6.

Here's our thinking: we can conservatively build multifamily for $200 a foot including land acquisition.

Here are key sustainable trends in real estate:Green Buildings: Properties designed with energy efficiency, water conservation, and environmentally friendly materials in mind are becoming increasingly popular.

I'm doing a conservative estimate of 2% appreciation. it might be more, it might be less. 

Yes, you are too conservative. 

I'm very conservative and want conservative leverage percentages, long-term fixed rate loans, high skin in the game and sponsor that has experienced at least one full real estate cycle and lost little to no investor money.

.—(1) When any lands are sold for the nonpayment of taxes, or any tax certificate is issued thereon by a governmental unit or agency or pursuant to any tax lien foreclosure proceeding, the title to the lands shall continue to be subject to any easement:(a) For conservation purposes as provided in s. 704.06 or for telephone, telegraph, pipeline, power transmission, or other public service purpose.

Conservative leverage where you have safety margin (>1.7 ish) debt is a good thing.   

I think 40-50% is conservative but somewhere in the neighborhood.

Having an 8% rate expectation is fine b/c that just means conservative investor underwriting, but most things right now are winding up in the high 6s on the low end (well qualified borrower, sexy property like you describe), mid 7s on the high end.