H mentions that --> It Just Doesn’t Make Sense to Buy Apartment Complexes at Current Valuations /  The Outlook for Rent Growth Is Poor in 2024 /  Expenses Eat Into Multifamily Profit /  Interest Rates Will Not Come to the Rescue J Scott is on the other side of the tracks and saying that Multifamily is Likely to Start Recovering.

If you quote it wrong, we eat it.5.

If it doesn’t sell, then just eat the losses and do the best you can.

I will be scoping out zip codes to invest in and local eats. 

Or to quote Wierd Al: Just eat it?

When I see rust eating at welds like this I wonder how much of the problem comes from the management company (Rust never sleeps).A maintenance tech scheduled for some time with a wire brush and some Rustoleum could have saved this expensive cement tread stairway.Now it a welder (if it's salvageable) and the Rustolem, plus the cost to construct that ugly unpainted wood bridging system, and tear it down.And despite all of the drama that's going on, Mrs Kitty still has her favorite spot in the shade next to her food and water--a natural foe to garbage rats.

If you are buying properties here and doing minimal repairs, just enough to get them rented, then the maintenance will eat all the potential cash flow.

It seems like that would eat into my margins a lot. 

And along the way sell some apartments and pocket those fat commish checks I sold a 5 mil one a few years back and that was a smooth 100k in my jeans for a couple weeks of scouting finding and following it to the close..

Some owner/aggregators tried to throw more tech at the process; some owner/operators didn’t care because they were building machines to only eat equity.