Time is your enemy , buying seasons slow as it gets colder , interest rates could rise , property taxes come due again . 

In this circumstance you can typically just withdraw or contribute funds as needed. 

I would still  rather do what you're doing since you got rent coming in on the first day, my deals take about a year from the time I buy the land, design it , build it and rent it to 100% occupancy .. very slow going but it works.

However, many of the areas are in the A flood zone and redevelopment has been slow to non existent.

It’s been slow going and I need to increase exposure.

I really want to start ASAP but acquiring capital for my first 4-plex is a little slow.

It's also reassuring to find out others have a lot of withdraws or backouts.

This is a pivot for us in the past we have put debt on the dirt to juice the returns.. however with this project I wanted the dirt paid for just in case sales slow a little and we have to hold some of dirt.

Right now it will still be possible to evict them and get someone in the unit before rental market slows down substantially in the lakes area.

I have been reaching out to investors in my local network in order to gather equity for doing an Apartment syndication deal but it has been slow going.