Memphis has been tough for us so beware, if you do not already have a team with boots on the ground, what seems like a good deal may turn out very challenging.  

There are some challenges to using the schedules. 

;) Guess I will have my hands full...Its all fun , older houses present challenges , but nothing that cant be overcome . 

As beautiful as Denver and Boulder are, they present the same challenges for investors that the coastal markets in California do.  

Hello BP world,Haven't many discussions about New Construction efforts, is there anyone in BP that is currently doing it in their Area.What are your successes, challenges, etcGlad to get your feedbackBrett WiningerEvansville, IN

Your building may be currently in good condition, and your exit plan is for a three-year or shorter hold, then you can consider that in the recommendation to collect adequate Capital Replacement Reserves.3) Inspections - Include an inspection provision, and most importantly engage a qualified, competent property inspector who can verify the condition of all of the building and equipment you are buying.

With that in mind I"d challenge you to consider the best time to 1031 is anytime bull or bear market when you see a geographic disparity in relative appreciation and market returns.  

Here is the challenge. 

Challenge assessment, if necessary.March: Insurance........Well, I think you get the point for the rest of the year.

. - sourceAnd while the average project approval time for new construction is about four months nationally, it takes eight months on average in L.A.To recap, here are some of the challenges inhibiting development in LA:Getting entitlements for new development is expensive and timelyNIMBYism and the control of local communities over the planning process adds tremendous risk as a project could be stopped due to law suits, lack of approvals, or requirements which make deals unprofitableThe high cost of land and entitlements coupled with a lack of incentives restricts the pool of developers who can afford to developBecause it is so challenging to develop and because we have such a shortage of housing, developers can only make their deals profitable if they target high-end buyers, further contributing to macro-gentriction wherein only the affluent can own homesThat said, it isn't impossible for a developer to develop.