Hi Keith- Interesting and very relevant. I am with a non profit developer and we are increasingly beiong asked "why aren't you buying foreclosed homes, rehabbing them and renting them out"? Our sense is that this approach is not cost effective (unless there is a large volumne as you mention in your write up). Do you know of any organization that has done a recent analysis of the costs of financing, acquiring, rehabbing and managing scattered sites compared to financing, developing and managing new multifamily housing? opposedinclination is not to do so becauseseting
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