Properties sitting without price alignment or clean presentation won’t move. 

One thing I’d suggest is make sure you and the developer are truly aligned on timeline expectations.

I stick to light to medium rehabs, so I stay away from anything that requires replacing plumbing or electrical components due to the associated costs and the need to closely monitor those items, as I have been burned in the past. 

The multifamily space, especially with creative financing, can be competitive and complex, so it's great that you're staying committed and reaching out.If you're open to other strategies that still align with building long-term wealth, you might consider diversifying into turnkey single-family rentals in strong cash flow markets.

While the design a key component to getting people to book your property, the stay experience is key.  

We'd rather keep everyone happy and aligned on getting to that closing table!

A lot of investors I work with end up starting out-of-state to get better cash flow and a lower barrier to entry—markets like Indy, for example, where I’m based, are still investor-friendly and have strong rental demand.That said, going remote means you need a solid team on the ground—agent, lender, property manager, contractor—all aligned and transparent.

So holding this property aligns more with that goal, as opposed to paying the 20% capital gain tax. 

I can technically do rate/term refinances up to 85% LTV as well as use STR AirDNA income projections on a DSCR loan, which sounds like there may be some alignment with what you're trying to do.

.🧭 Who This Strategy Is For✅ Builders✅ Investors✅ Homeowners who want to build and sell off a portion of their lot✅ Families who want to share land across generationsThis strategy works beautifully for:Urban infill lotsCorner parcelsDeep lots with alley accessRedevelopment opportunities in high-demand zones📋 What You’ll Need to Do ItTo condo a project, you’ll need:A platting & condo attorneySurvey & site planA simple HOA agreementMarketing that attracts owner-occupants or mission-aligned buyers💥 The ImpactCondominiumization isn't just about making more money.It's about:Creating attainable ownership in a high-cost marketSupporting gentle density that fits the neighborhoodHelping Washington achieve its housing goals without high-rises or sprawl