I, personally, tend to go nicer on both design and finish.  

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Are you suggesting this wasn’t a result of pent-up demand but rather due to some other factor?

Most likely you will need to factor this into your purchase price when making offers.Thanks.

Of course you can manage for this and set aside funds however I suspect the risk and loss factor was/is far greater than the sponsor realized when they go in for this noble pursuit of helping homeowners save their homes..

Good location is a big factor.

Having the right partners on the design and build is what I have found to be the most important piece of the puzzle.  

Remember, historically only about 1/3 of LWO/CD buyers close on property, so odd's are you will be with a different finality.And you have to factor that odd's are it wouldn't come back after 3yrs list ready, that's just reality of things. 

In 2021 we bought the building for $1.5M using private lenders, pushed the occupancy from 50% to 80% occupancy and it appraised for $3.125M, allowing us to pay back the private mortgage.Right now, we are in the predevelopment process of design and piecing together the capital stack for the redevelopment deal, which will be made up of historic tax credit equity, RestoreNY Grant, DRI Grant, etc.

If you found yourself in a situation where your family's future was designed around an investment, how would you feel?