We also have to tackle the food supply and eating habits in this country.

I have seen buildings where there were gas meters for each unit, but those meters only supplied cooking and the hot water heater.

Ensuring a location has an adequate supply of competent property managers can be difficult.

It is always a supply and demand issue.The real question is: How will the banks release?

The money supply really got wild in 1978

Barring that, should I simply contact my 'potential buyers' and tell them I'm going to be supplied with low cost homes, then get in bids on some REO's and hope they are there to close?

 $30,000 in supplies plus your labor.  

TX class A MF, there is up to a 50% difference.Looked at another way Vikram: if NOI is correspondingly lower, so will the value of the asset, keeping the yield unchanged. 10% on a $1000 NOI is the same yield as 10% on a $800 NOI, but each yields very different asset values.Values are driven by a multitude of factors: supply constraints, land values, SF home affordability, interest rates, capital markets, blah, blah....which impact the going in yield (cap rate) of a propsective investment.

Supply and Demand, yay capitalism.

How has the water been supplied for the last 30+ years and why does it now need to be connected to the city main?