Some are still offering 0% on some models

Thank you @Steve Vaughan,I just wanted to make sure that wasn't happening to you on solid performing assets like I presently hold and am following the apartment complex repositioning business model that David Lindahl in his Multifamily Millions book and Lifestyles Unlimited Inc. espouses and has been successfully implementing for the past 25 years or more.You got me a little worried here.  

Investing near  high traffic areas which takes the guess work out of "The projections" - Parking models can be simple...It's real estate an investor owns.It's a business with constant cash flow.It's low cost to manage (And upsellable!)

And I would stick for one business model.

I would recommend you do if you haven't and follow the model, since that is the direction you seem to want to go.

Again this is a personal strategy and will depend on your business model and comfort level but this saved me in 2009 when real estate values crashed.

My investors (LP) get first paid because of the pref and since the equity goes my way, it forces me to get projects that have a high IRR.Since, I get to keep a lot more equity on projects with superior returns  I am not "hungry" nor desperate to have a lot of projects.

If this model works out, our plan is that eventually this property will feel like an upscale campground that might also be desirable for large families or reunion groups to book multiple units at once. 

First steps would be to put together a financial model to make sure the numbers will work.

Two years ago I decided to make a change to my business model.