Forward to 2023, the tenant is unfortunately moving out.  

I'm currently moving into the commercial world of real estate.

Selling and move on.  

If they Accept, you move to Step 2. 

One other advantage is that many of the builders that I have worked with are able to incentivise the sale with interest rate buydowns that make the deal work.Best of luck moving forward. 

Keep moving forward and if you ever need advice, just summon me here in the forums, tag my name and I will answer your questions here in public.

I’d love to hear about the crime rates or any other issues (which we cannot guess from the online stats), and how easy or hard it is to find reliable tenants and property management companies.

So far, Board hasn’t spent the funds from 2023, but they also didn’t move funds back to Reserves after it was pointed out at the annual meeting that the funds are in the wrong place. 

.- Institutional Capital & Private Equity: By moving from hard money to institutional financing, you can secure larger credit lines with better terms.

Best of luck moving forward with your sale though!