A modern design might be great in a neighborhood of thirty somethings in an urban environment, but wont fly in a 60 something suburb.

The lowest I know is 50K and I don't even know if they'd do it in this environment.

Hey Stephanie - could you give us a brief overview of the regulatory environment out there?

The lack of inventory before Ian made this a great environment and now the unfortunate home owners and renters are displaced.

In this much more competitive environment, simply rely on good investing fundamentals.

We've analyzed many of traditional vacation rental markets in the US and the Smoky Mountains (Pigeon Forge, Gatlinburg, Sevier County) offers a great combination of a double digit cash flow, equity appreciation, and a stable regulatory environment.

In the current environment—with price reductions in certain markets—you want to be very careful about lending at high LTVs.

There are many things that counter your sentiment of concern of investing in the current capital market environment. 

Depending on the environment around the pipe, you may also consider a cutting torch for steel pipe.  

Gives them less risk of raising funds, especially in this environment when it is much more difficult for most sponsors to raise money