Risks

RiskMitigation
Lack of working capitalCommunity bonds, member loans
Approval riskUse as of right zoning (coming), pre/bulk approved plans (maybe)
Construction riskInsurance, completion bonds
Quality riskOn site inspections, negotiated factory inspections
Capacity riskEngage expertise
Vacancy lossPaid up wait list
Bad debtLarge member loans
Building decayFully paid replacement reserve plan, replacement reserve account
Market declineDeclining relative costs