These will be markets where housing is affordable for both residents and owners.

It's not RTR's fault the property can't absorb proper cap ex, that's a product of the market.

I'm a local realtor and investor, so I’d love to help you find the right property and navigate the market.

Being in the Austin market gives you a great advantage since it’s such a hotspot for investors.

or3) If I convert the partnership interest into a private UPREIT, then I trigger tax if/when I sell the Shares in the REIT?

If I'm ever in need of a broker in the DE markets, I will reach out. 

I think our modeling has adapted to market changes over the years, so we've stuck with Excel as we can easily change the parameters to keep it "fresh".

Quote from @Devin James: We’ve slowly been improving our homes the more we’ve built and the more feedback we get from our Buyers2021 – Added 8ft doors throughout the home2022 – Added a new elevation with stone in the front of the home2023 – NO carpet in the bedrooms, LVP throughout the home2024 – Added hurricane impact windows & new color options2025 – Adding Ceiling FansGotta be open to feedback and adjust accordinglyThis can be the difference of your home sitting on the market for 4 months vs 1 month where's the modifications and pictures?

its a booming market! 

I think you have the basics of meeting partners and people to work with in your local market and seem to be well on the way with two deals going already so big congrats there!