I would also talk to leasing brokers for this type of property to understand if there is real appetite from tenants for this type of building, as even if it doesn't directly impact your approach, it will give you some insights into how a potential buyer may be looking at it.

This has been a struggling asset class that is still seeing a lingering impact from the pandemic.

Now that has to drive housing, how much I don't know, but it has to have an impact since we aren't having more babies.

It's still just over 3 weeks away, but questions are already ramping up regarding the impact of the Fed's rate cut on mortgage rates.

I’d love to hear about considerations both before and after construction that might impact the process.Thank you all,Gonzalo

And speaking about retail, you also have other real world issues that can impact things: co-tenancy requirements, use restrictions, etc, that may not be an issue with the current tenant lineup, but can certainly impact your ability to fill vacancies or maintain occupancy as tenants roll.And to address what seem to be your follow-on questions for people: there is no exhaustive list.  

How might this decision impact the overall investment strategy and long-term profitability?

I mention this because AirDna does not provide detailed guest number data, and does not effectively parse out the impact of bathroom count. 

If you go this route, negotiate so there's minimal impact to your income.

If you plan to buy another property in the next 12 months, your DTI will likely be negatively impacted.