Learn that space and you'll be drowning in opportunity. 

- Insurance policies (some may not cover rent by room)- Friction among tenants regarding common spaces

I'm having trouble finding a tenant that I feel comfortable leasing the space to.

After 99 Cents Only filed for bankruptcy in April 2024, 28 stores in Phoenix closed, leaving 632,900 square feet of prime retail space available.

Given the high demand for industrial space, especially near major interstates, this could be a smart move.

Quadplexes will fall under residential financing, while larger units will move into the commercial space.

To find good LPs, you need about one to two years of brand building to have any credibility in the syndication space if you didn't come to it from another part of the industry.

It also has become a popular travel destination over the last 5 years or so, so there has been an increase in competition in the STR space as well. 

Most flippers will only add the ADU if there is already under utilized living space (not garage conversions but craft rooms, bunk house, etc) to convert.  

However, I've been searching for newer, cheaper value-adds to student rental properties and have found focusing on outdoor spaces can be a huge draw with much less of the cost of tearing out kitchens, baths, etc.