I did a lot of new construction in Charleston SC and did full gut rehab on 2 small MF>  built about 35 homes.. the prices in charleston are very high compared to say Columbus OH. in the order of magnatude to 2X to 4X per prop.. but its a fabulous city. 

Are you an aviation engineer and your company just lost its next contract.Do you work in an assembly line making wash machines and they outsource to China.Are you a concrete worker and get laid off since construction has cut back.On this forum the question is how is your REI moving forward.  

Been managing this property myself for past 7 years.

I have a potential hard money cash provider to fund the acquisition of land and fund new construction build.

I planned to develop another home in the back half but a contractor inquired about renting the lot for their construction trailer so I’m pausing my development.

I’ve managed to buy 7 buildings with 25 units.

Do you prefer managing your properties or hiring a manager? 

A lot of opportunities to buy aged C-class homes at 8, 9, 10 caps.Small investor expense ratios are 40%.Large operator expense ratios are 37/38 %.Large platforms/institution expense ratios are 33/34%Big benefit of blanket insurance policies is to drive costs down.A lot of BFR is looking for a bridge product for 2 years to hope rates get back down in the 5% range.Cannot use HPA on BFR communities you plan on selling based on cash flow.5-18% rental premium being achieved based on new construction communities compared to new construction scatter sites.For real time comps go to biggest operators BFR, small multifamily.More confidence about the cost of construction having stabilized.Some products which will not be good for retail buyers will also not be good for rentals.

Despite my concerns, I was convinced to proceed with the promise of a more manageable payment plan and reassurances of quick success in the real estate market.

The financial solution can be self management or a full time manager.