Interested to hear your thoughts on evaluation methods and the future of multifamily transactions in this current environment.

In todays environment, if you are seeking a syndication that is offering 18% the risk profile for that investment must be off the charts.

On the contrary, if an exec board has 50-100 years+ of experience they likely have seen some adverse economic cycles and know how to pivot in such environments. 

Those hefty fees as mentioned generally make 10% down near impossible in this rate environment, but there are certain brackets that might make it possible.

I just haven't been able to find wholesale deals, MLS deals on market for a long time or off market that in this environment allows me to buy for 75% of value.

At least in our primary market (Tampa) I think 2023 created a purge of subpar listings and subpar owner's (get rich quick types) and now has created an environment where the good survive and the best thrive and the rest have died. 

This does not look like the environment where you can do a classic "buy, fix, rent, refinance" . 

Fixed rate debt in an inflationary environment is a wonderful thing. 

Insurance - ValuePenguinPro-business environment: Google searchNo rent control of any kind.

.: I would highly suggest buying an existing community, it is almost always easier and more profitable unless you know what you're doing. logan the issue on the West coast is parks are treated like investment grade props and sell at a very low cap rate even in this interest rate environment.