Two Reasons: First, because 50M people in this country either work gig jobs or are illegal immigrants, when they lose their jobs or have their hours scaled back, it doesn't show up on official unemployment stats.

You can tell who is actually passionate about their job and passionate about the market usually pretty quickly.

Martin the property management argument isn't really an argument if you look at the bigger picture that most investors don't want to manage their properties anyways because they are spending most of the time on their main job.

The property has done quite well and has appreciated nicely over the last couple of years as I’ve gone through and improved things unit by unit.

You have to be an active manager and many current owners are not wanting a second job and are selling.

Additionally, if the market conditions improve, you might have a better opportunity to refinance at a more favorable rate.5.

After a few candid conversations, they realized they could negotiate slightly higher rents by offering small improvments..things like better loading dock access or upgrading the security features..turning a so-so cash flow into something much healthier.When you break down your family friend’s situation, it might help to consider these angles:Selling and redeploying capitla could open up opportunities in markets where cash flow is a bit juicier.

You have recycled the container which is good, but is anything else more sustainable or recyclable vs any other type of build job?

If it's way out of whack with the market average, dig deeper.Debt Service Coverage Ratio: Key for nderstanding if the property's cash flow will cover financing comfortably.Historical Vacancy Trends: Especially in areas like Chicago, where local job markets fluctuate, knowing vacancy trends can help you anticipate rough patches.Rent Growth vs.

Enforcement comes after the job is done.. you screw it up your going to get fined..