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Updated over 4 years ago,
Military base properties and tenants
Has anyone experienced pros and cons of having multidwelling units near a military base? Specifically rental rentention, vacancy concerns due to deployments, how to handle short term leases, section 8 vouchers, etc.
I found 2 properties for sale and have tenant roll and income statement with cap rate around 6 at asking price.
Still doing due diligence, any feedback or suggestions would be greatly appreciated. 🙏