Called the all plane parachute  but it actually works  LOL...Good luck on it... if those numbers hold true as I state its a stellar deal.As long as you live right there and can monitor it.Also you need to have the wherewithal to pay off the first if it goes wonky. there was a thread last week on a lady in Alameda CA who did a small second 50k behind a very large HML 500k. and the guy went dark and she can't cure the first I suspect she will lose all her money. 

Once Starbucks is there you are well behind the curve.Ways we monitor are watching local papers, planning meetings, studies, and one of the best is your local business journal.  

Solutions:1. purchase it..then market and resell2. get licensed

If that's not available, one can purchase bentonite (used to seal water well caps after drilling) or possibly the poor mans solution of mixing in cheap (clay) kitty litter, which is lower quality bentonite.

If all your comps have drywall then the solution is furring strips and drywall.

Like in the example of buying a quad, living in one, rehabbing the rest, increasing rents for the rehabbed unit, using the GMR for the area to find a new valuation price for the quad, refinancing, buying another unit, waiting for another year, monitoring the GMR and selling the first unit at a high appreciation, using the proceeds towards a 1031 exchange and repeating the process.

the numbers look pretty decent but there is one scam report on them which makes a bit suspicious.the idea is to build the townhomes and lease it to "corporate housing solutions and savings" for short term rents.thanks,Sergey

Business success is achieved by finding and fulfilling a need, the solution to which can produce a profit of some kind for the recipient as well as the provider.

Often times the to do lists for the contractor is in the 40-80 item range, and even with a good PM its impossible to monitor everything perfectly, and I have caught some items here or there that were either not done at all or half assed.   

Or, lenders who can offer creative solutions for an individual looking to put down between 3.5% and 5%.Thanks in advance and hope to hear from you!