I’d be willing to bring in a private investor and negotiate lending termsThe ask: Based on the above scenario, has anyone done this before and what was the best method you found to fund the build?

Hi Anne,It all depends on your own goals, if you really believe in the area, have done the work and have come to a conclusion that your money is used best in an asset here, then do it.Theres no reward without any risk.

Look at the carrier's financial strength, financial outlook, and longevity via AM Best ratings. 

Best candidate, worst, somewhere in the middle.  

(Note: These are non-negotiable requirements) Other Incentive ProgramsSmall Business Improvement Fund: Best thought of as a storefront/small business rehabilitation program, this small grant program ($150,000 for commercial properties and $250,000 for industrial properties) is targeted for smaller renovation projects and can cover anywhere from 30-90% of the cost of remodeling a storefront facade, roof replacement, major systems replacements (HVAC, plumbing, electrical, etc.) or an individual interior space build-out within a larger building to get it tenant ready.

So any advice on what steps you all think would be best for this would be greatly appreciated! 

The average vacancy rate in Austin, TX is currently hovering around 15%.

I've been reading a lot of threads on here pertaining to which property management software works best, but so far my understanding is that both of the above offer unique aspects that the other doesn't provide;  Would it make sense to use both?

Hi Andrew,Great points and I'd suggest perhaps a good, better, best option. 

We do lots of JV and have found that the best relationships are where everybody has "skin" in the game.