Having said that, I of course miss the weather and living a couple blocks from the beach but what far outweighs those losses is being able to see my daughter grow and spend time with family, along with not having the financial pressure of high living costs. 

We should always be polite and respectful to people in any dealings weather it’s a cashier or a tenant but it’s not a good idea to become friends.

Analyze if you can weather a decade before having the appreciation.  

Then the difficult one had utilities shut off in freezing weather and repairs had to be made before closing. 

You have to take in to account that they will be working the hardest when the weather is the most extreme whether it be hot or cold.

I am excited to have the ball rolling on something that I’ve wanted to for a long time and having some firmer numbers in hand will allow me to come up with forecasts that include less “what ifs”

Weather that be water efficient shower heads, tank-less water heaters, etc...? 

As long as you have enough reserves to weather a storm.

For another, is the investment sponsor forecasting that the exit cap rate (the number they are using to calculate the exit value) is the same, higher, or lower than cap rates today? 

Do you view cap rate compression as a bell weather for higher rents and thus even higher appreciation in the near term?