We had a dry spell after build about 35 new builds there over the last 10 years price points 500k to 2.5 mil.3.

Paid off my primary when it got down to 90K.... not a ton of loan left, so I just paid it off, but still had plenty of $$ to invest in other things...it didnt tap me dry to do it.Exactly. 

Seems like this thread has unfortunately dried up a bit! 

In 2021 we bought the building for $1.5M using private lenders, pushed the occupancy from 50% to 80% occupancy and it appraised for $3.125M, allowing us to pay back the private mortgage.Right now, we are in the predevelopment process of design and piecing together the capital stack for the redevelopment deal, which will be made up of historic tax credit equity, RestoreNY Grant, DRI Grant, etc.

Just the other day I saw someone had used black sheet rock screws in the hangers on a brand new deck (non-permitted obviously, and not a single lag or any flashing on the ledger board, and they painted it immediately before the pressure treated lumber had even dried out so that’s going to peal in the first year, at about the same time that those sheetrock screws start to rust lol). 

Today there stands a general consensus of many stacking up "dry powder" in preparation for what's anticipated as a "good season" for MFH acquisitions, presented by a unique culmination of factors.

Depends on your scenario exactly though, never one cut and dry answer to which is better.

It’s ironic that the state is essentially leaving landlords high and dry, while at the same time calling on them to step in and help solve the housing crisis.

They wouldn't have any skin in the game and could just walk away and leave you high and dry if things go wrong with the property.

.● The soil around the foundation should be watered with 1-2 inches of water per week during hot and dry weather patterns.