Depending on the state of the market, buying an existing block could be cheaper than building one from scratch.
Or, yeah. Invite people in under a tenant's association and just establish a trust to fund repair/renovation. I have no idea how practical that would be in execution, but its definitely a worthy goal.
I mean, maintenance costs exist.
But people who rent units under the maintenance cost have historically been referred to as "Slum Lords".
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Depending on the state of the market, buying an existing block could be cheaper than building one from scratch.
Or, yeah. Invite people in under a tenant's association and just establish a trust to fund repair/renovation. I have no idea how practical that would be in execution, but its definitely a worthy goal.