What might be insured is between the insurance carrier and the lender.Considerations are vast, the local economy, the project, management, financials, timing of the project to completion, basically all areas that a lender will consider.As to sub-prime, never heard of it, as coverage is generally afforded to strong borrowers, developers that are entering a project at a higher LTV initially and the LTV is reduced as a project comes to completion, the initial risk.Apartments or properties held long term can be insured but again usually to cover the LTV risk, that is risk enough and to add sub-prime credit, management, or low debt coverage issues really isn't an insurable risk.

I'm going to identify a homeowners insurance company to my lender in the next day or two.

I think there's a ton of opportunity in town for developing some of those borderline safe/desireable areas.

I'm currently developing my vision and looking forward to eventually telling my success story.Happy New Year!

We found placing machines in each unit puts the utilities in the hands of the tenants and makes it easy to identify any abuse to the machinery ... it also allows us to use better, lower priced, equipment.Now, in the larger buildings, its a different story - we have machines supplied by a local company on a revenue share arrangement.

A couple things from my perspective: TX is a very low barrier to development state especially compared to CA and even the geography is wide open so the danger is that developers will just move a mile down the road and build new product to compete with yours if good employment is headed that way.

You'll develop a big network which will then make the transition very easy into your other business.

Your goal in marketing is to identify your prospect pool, target them with effective messaging, and remain in contact over time so your message is there at the time that THEY have the need/motivation (OR if you've been developing a great BRAND, they will hopefully remember you - and how to reach you - even if they are not seeing currently seeing your marketing message...).

In summary, I identified what really energizes me and then took the time required to go back to a mostly blank sheet of paper to redefine my objectives and strategies.

Frankly, I think you're on the right path as you are trying to identify the opportunities from different angles.If you are comfortable with the idea of mailing, calling and door knocking, you can become one of the local experts.