There's a lot of new development and jobs near there.

@Stephen R.Why don’t you resyndicate the asset, or put tax credits back on it, pull out a developer fee and then cash flow. 

Sometimes a bank is aiming to develop new investors, i.e. they are gathering up investment dollars.  

If a developer offered to sell you land with all required permits, and possibly some bids from local contractors, would you be willing to buy?

Ultimately the zoning matters if you plan to develop the lot, or sell to someone as a developable lot.  

Podcasts are great but go through other source - books, local REIA meetings, connecting with investors/Sponsors and developing your own set of relationships. 

Congress Heights - If this is for an investment property I would buy as close as possible to Congress Heights metro due to the development plan for St.

I'm a small and fairly new real estate developer in the NYC area.

The lenders will foreclose at some point and if you look them up, most of them are already in foreclosure by the banks.Also, an hoa having taken back 100 units is a terrible sign for the development/neighborhood.

My target market is Wilmington, Delaware which is another shrinking marking and I would argue doesn't have the same economic prospects that Milwaukee has.