National vacancy rates have remained flat in the first half of 2024, following a 90-basis-point increase last year, with major metro areas showing particular resilience.

There were half a dozen GPs on this deal and I should have asked more questions about their roles and real estate experience.

Simply owning some investment real estate does not make one a real estate professional anymore than owning some stock's makes one a Stock Trader....To qualify for real estate professional status (REPS), you must meet the following requirements:50% test: More than half of your personal services must be in real property trades or businesses.750-hour test: You must perform at least 750 hours of services in real property trades or businesses.

Good question, i'm not sure how the HOA will manage STR.The Villages is building a new community center & hospital 4 miles away, so there may be a market for it.

This lending environment is local so just ignore people from 1500 miles away when they tell you what a local lender will do.

If the unit is occupied more than half the days of a taxpayer/owner’s tax year by a tenant(s) that stays for less than 30 days, it is considered a transient basis rental.

I don't understand how half of the year is above $1500 and now in the 3rd quarter it's bad to less than $400.

If you ever want to see the difference in person, just try running a cheapo Chinese nail into an old-growth 2x4 and watch it bend in half. 

(A year and a half ago.)Ok, how would you like to proceed?

The Dallas one was 13 miles away from SMU in a submarket that will likely not draw one student, one faculty member, or even one employee from SMU.