In other words the issues you're going to confront are going to be distinct from someone who's been doing this for 10 years, or someone who's a totally different market or something else.To me your concern is one of like do I even just get started.

I find it incredibly amazing that someone doing their first condo deal can offer returns that even the largest and most experienced developers cannot.

They'll more or less likely sell to the next pool of folks that view it similarly, but the ideal investment is selling it to the largest pool of buyers and that's where the city's fundamental growth needs to be organic.

I'd also recommend getting involved with CTREIA (one of the largest and most active REIA in the state). 

I have noticed that many areas that are least volatile during recessions also have the largest long term gains.

It just so happens to be the largest project you list a 236 unit apartment in Jacksonville.

And Detroit has the largest disparity of any where.I make lots of money buying up Turn Key Properties after the out of state investor gave up on them!

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So I'm not sure what distinction he's making.

You are also fundamentally dealing with people and generally people’s largest and most emotional transactions.