I would think this is a common practice that lenders perform, but if not....message me.

(Note: These are non-negotiable requirements that must be provided) MBE/WBE/Prevailing Wage: All projects that seek City assistance are required to have a certain percentage of Total Project Costs (TPC) that are being performed by certified Minority Business Enterprises (MBE) 26% and Women Business Enterprises (WBE) 6%, as well as have labor costs that pay prevailing wage as defined by the State of Illinois.

Would I rather own an AirBNB in Galveston for the next five years where a permit currently costs $250 a year and a correctly bought deal can still perform exceptionally, or in NYC where I can no longer operate now and for the foreseeable future?

So, they think it's done and high-performing and you think it needs a complete makeover so you would be paying up to renovate.

As far taking a $1K loss a month, maybe talk to different prop mgmt companies to see if you can get a better deal or if your property needs any upgrades that you can perform in order to ask for a better or higher rent, something to consider.

Also a comment about someone saying it’s the student who doesn’t perform - as a coach / teacher do these people take someone’s money knowing they will fail?

As long as the agent is performing the uniform duties listed in an exclusive right-to-buy listing contract (5.1.6.

But the buyer and his lender were not going to perform in time of the 30 day contract as they promised initially.

Turnkey operators don't work like that and they are more like a broker collecting a fee for their work (regardless of the long-term performance).

For instance, if a sponsor’s in-house PM charges 4% when the market rate is 2.5-3%, you need to assess whether those additional costs are justified by superior performance or could erode your returns.Ultimately, it's not just about the numbers or the spin—it’s about the expertise and judgment of the capital allocator.