"While homeownership numbers stagnated for the TikTok generation, they are still ahead of where their parents were at the same age.

I was married with 3 kids under the age of 7. 

If you have 500k in equity, not sure what the actual equity is: would you rather - repurchase your current property and assume and 2.6% rate ORfind some other investment that is made with the intention of being an investmentYou said the house is large and new - so current chances that you need major CAPEX is low but as this home ages and is in an expensive market realize that those updates will also be expensive.

It very well could be from leaking pipes below but just as often in mfg housing its just old age and cheap wood to begin with.

How much gross leasable area, how many offices, current vacancy rate, age of building, any proximity to hospital or surgical center, what type of loan product for first lien, variable rate/fixed rate, the terms etc ie SOFR + what spread etc, current NOI, cost per square foot, replacement cost per sq ft, and any and all details you can share, I assume HENRY Capital compensation will be similar to your Fund 1, with 8% preferred and 80/20 split? 

Also your insurance expense will be higher due to the structure's age.  

If you provide a refrigerator, if it breaks through age or no fault of the tenant, it's your responsibility to replace it.

Ryan to your point on REIAs I decided to go to my local one I had not been to it in years.I went when they had guest speakers.. and of course it was an upsell to buy their program both of the ones I went to were by guys my age who were selling stuff that worked in the 80s LOL.

With regard to the unevenness, while it is likely related to the age of the home it may have specific causes that can be addressed somewhat.

@Samson Hall, congratulations on starting real estate investing at a young age!