If no one could convince you otherwise and you are hell-bent on jumping into a ground-up project, I would focus on this product type but again, only very specific neighborhoods, and only with an experienced contractor.If you meant apartments, I would just point out that in our area rents are the highest they have ever been, which you might want to take into account when running the numbers (especially if you are building apartments that can take a long time to build then lease-up).

Some of them are not the best house keepers, but some are better than what I experienced outside of section 8.

And some of the responses from pros and experienced investors are saying, jump in play in the water get your feet wet.

It's great to have the perspective of experienced investors.

This is good information for less experienced investors.

You mean "Experienced" though right?

I believe this would probably help with communication and with the overall outcome of the rehab because everyone's experiencing the same first impressions together, sharing initial thoughts with each other, coming to conclusions together, and forming the same rehab vision, but I'm not sure.

You probably need an experienced contractor too.

My neighborhood is quite established and is currently experiencing a growth spurt with a large mill being renovated to apts and retail, at least 2 other large scale apt/condo projects under construction.

Glad you have experienced the same!