The system to be copied in other large cities, quick and easy cookie cutter.

I did some research on mortgage fraud, it's a serious crime, it could land me in jail for a long time because we are dealing with a large sum of money. 

I don't imagine the $600/sqft scales linearly.

If you are in a large metropolitan area, I don't think the rents will drop that much if any when the market turns, it will be just harder to find good quality tenants and have them pay rents on time.

If you receive the property by gift, however, you will take a carryover basis so you will be subject to large capital gains when you eventually sell it. 

With all these new developments there is also quite a large scale apartment development mid way through completion.

Last year news was announced that Foxconn plans to build a large plant in Racine County, WI.

Obviously scaling faster is appealing, but I also don’t want to grow too fast and end up in a bad spot. 

I personally invest in apartment complex and this is the reason I leave the smaller deals alone because the economies of scale at only 4 units.

banks have to hedge to ensure they dont lose money when rates go up. hence they charge for rare extensionon new constructions its preferred not to lock rate until its ready for possession. if you dont need to pay for rate lock extension if you walk away, suggest you go with new bank. 2 weeks is too short for a large bank to get ur loan ready to close.