That's all that matters when you start out otherwise you're aiming at moving target.

The other owners would not approve an assessment, which would have been significant, to supplement the amount needed to replace what was destroyed.

You'll need to calculate the Soft Costs and the total cost of construction and sitework (Hard) for the property in it's by-right state generally aiming for a cost per sq ft. 

Then you supplement it with investments as most of us do  and in whatever investment vehicle you choose to do..

Is a total market focus of 250,000 people enough or should I be aiming for a cumulative group of markets representing 1 million people?

If you are aiming for passivity, it will take longer but you should angle towards LTRs.

We aim to be the largest privately held boutique hotel chain on the continent of Africa.

Renting to faculty, out of state students, students from abroad and more of year round (such as residency) students will not carry the same short term renter displacement, but may require a higher level of finish in some cases as this becomes a year round home.Perks here are- -Year round rent under the same renter/ as your lease terms apply-Some renters having supplemented housing stipends paid in the form of allowances, stipends, and other arrangements -Lesser degree of potential property damage for those in graduate/residency programs (simply based on age and maturity - again, use the automobile industry here in why most car rental places won’t rent below age 26)-Less need for obtaining co-signers (allowing tenant to solely establish some credit history as well)When your tenants do move on and out, as a ‘thank you’ for being such great renters for the span of their academic career, it can be nice to offer a letter of reference as well for future renting needs.

I'm testing out an approach aimed at giving access to rentership to the growing number of applicants I see with shaky credit scores (yet low debt),  history of evictions, etc.I'm offering on a case-by-case basis a 2 month deposit, MTM lease. 

Hello all, i'm having a difficult time deciding what to do and hope some of you can give me some advice or if any of you have been through a similar situation in the past and what would be the best course of action.So i just finished a neighborhood development consisting of 250 residential lots (150 more on the second stage of the project) of the highest quality aimed at middle to high income range clients.