Costing them thousands and making them lose out on homes.

I invest primarily in a lower cost area but also own property in, and am looking in, a higher cost area.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

This designation doesn’t cost extra or give the manager access to insurance payouts but ensures you and the property manager are aligned during incidents, such as tenant lawsuits or insurance claims.

They're offering 5% for 20 years, no pre-payment penalty and the only cost is $2,100. 

When you took in the increased cost of the build how did you arrive at that percentage?

And maybe diversify a little, invest half in a low cost S&P500 fund like VOO and the split the rest across 2 or 3 syndications.

I was chatting with some of my lending buddies at big banks and they are all backing away from the CRE space including office because operating costs are increasing more quickly than rents.

The previous owner used it occasionally and rented it out to offset some costs.

In southern CA, even garage conversion ADU additions are typically costing more than the value added.