Overall, the surge in new apartment construction, introducing 440,000 units nationwide, underscored the direct inverse correlation between supply and rent growth in 2023.It is important to note that some markets such as Miami and Detroit have shown resilience posting continued rental rate growth figures indicating a fundamental strength in those markets as well as a secular shift in American demographics.Meanwhile, New York City stays consistent with an unprecedented housing crunch, reaching a 50-year low in rental availability.

Disclosures suggested or provided also lend to underscore the expertise of the guru, as if this is something required, just more eye wash.tThe only disclosure I can think of that is prudent in a lending is where a seller provides a wrap of an underlying mortgage in an installment agreement, where they are told the are responsible for that debt.

Your approach to calculating the maximum construction size within a specified budget is enlightening.Based on your figures, I've noted the project budget as follows: Land Acquisition: $8,000 Utilities and Tap Fees: $7,000 Engineering, Building Permits, and Architect Fees: $5,000 Construction Cost: $180,000 (at $160 per square foot for up to 1,125 square feet) Total Project Cost: $200,000This budget underscores the critical importance of efficient cost management, especially in balancing project size and quality within the financial limits.Considering my project will be situated in New England, where costs tend to be higher, I've adjusted the budget to reflect a 40% increase in utilities, tap fees, engineering, building permits, and architect fees relative to the costs you've outlined for Ohio.

This underscores the acute demand for multi-family properties in Worcester and the rapid pace at which they are being absorbed by eager buyers.

This sale price reflects the property's enhanced value due to the thoughtful and well-executed improvements.Profit Calculation:Sale Price: $205,000Less Purchase Price: $70,000Less Renovation Costs: $38,000Less Holding Costs: $5,000Total Profit: $92,000 (before any additional transaction fees or taxes)This project underscores the effectiveness of strategic property selection, focused renovations, and market positioning.

The underscore of a nice, clean unit says to tenants "I am not a slumlord, I care about my home/your home."  

I do, however, what to underscore what @Fred Ramos said.

slreturn=20191002115358Definitely underscores my comments.

They ask the two questions because they care as much (if not more) about the margins/ratios as they do about absolute profitability.One final thing:  Your last quote about, "can't lose making a profit" is absolutely incorrect and actually underscores my point. 

Both tenants acknowledged the situation and complied with the arrangement.This strategy proved effective as it underscored transparency and fairness.