The asset is stabilized with a strong NOI, and we have the senior debt terms in hand.We're evaluating the optimal equity structure for a deal of this size and profile (~$870k equity check).

PMs aren't really going to "evaluate deals" - what they will do if they're good is answer the single question: "what will X rent for?" 

It sounds like you may have started with a couple tools on your belt and as time has progressed you have increased the amount of tools and projects you feel comfortable with. 

’m actively evaluating a vacant land opportunity in Waco and before moving forward I want to make sure I’m aligned with the actual buyer demand.I’m specifically looking to connect with:DevelopersBuildersLand investorswho are currently buying or entitling land in or around Waco.My goal is to understand:What types of lots are movingWhat zoning / use cases are most attractiveWhat price points make sense for an end buyer todayIf you’re active in this market (or have recent experience), I’d love to hear from you.

If you're evaluating buy-and-hold opportunities or refining your portfolio strategy, these areas are worth a closer look. 

They choose to invest remotely because their goal is long-term financial independence, which isn't achievable where they live.If you’d like a simple, repeatable way to evaluate cities for long-term income growth, I’m happy to share it.

Look for distressed conditions an owner may have and evaluate what tools you have that might be able to take on those issues.

You’re not alone — a lot of investors are feeling the same squeeze right now.From the ground-up / small multifamily side, what we’re seeing is that the “good deals” haven’t disappeared — they’ve just shifted away from traditional acquisitions and more toward development plays.A few trends that stand out:1️⃣ Build-to-Rent Is Filling the GapMany investors are pivoting to duplex and small multifamily construction to create inventory that pencils better long-term.2️⃣ Cost Basis ControlWhen you’re building, you’re locking your basis upfront instead of inheriting someone else’s appreciation plus deferred maintenance.3️⃣ Timeline & Entitlement RiskThe biggest hurdle is navigating plans, permitting, and site feasibility — which is why many investors look for projects that are already moving through that phase.Because of this, we’re seeing increased interest in ready-to-build duplex projects — where lots, plans, and permitting are already in progress — allowing investors to focus on the build and long-term rental strategy rather than starting from raw land.Build-to-rent duplexes have been a strong middle ground lately between single-family and larger multifamily — especially in growth corridors.Always interested in comparing notes with others pursuing duplex or small multifamily ground-up strategies — we’re actively building in SWFL and enjoy sharing insights with others working in similar markets.

Duplex sold in 2025 for mid $500’s3 bed/ 1 bath units; approx 2000 sqft Well maintained/good shape Price per unit is approx $270k/unit and $260/sqft  Higher than what we’ve evaluated out of Exeter, but this is also 3 bedrooms each unit.  

How to evaluate the kind of improvements needed to increase the value of a home2.