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This is hugely problematic for the “speed” aspect of BRRRR investing—drastically slowing down the returns and velocity of capital for BRRRR investors using conventional loans.Portfolio lenders are another option, and they typically offer competitive rates and fees as well.

If you can build fro around 200-250k per unit, it may seem attractive, depending on time frame, debt terms, and the ability to achieve 2k per month in rent.Great product to build.

Operators that are open and able to offer combined usages for slower seasons, such as mid term discounted extended stay rates in the winter, can improve lower estimated production in the off-seasons. 

It looks like I’m in famine mode in the slow season, which I didn’t think would arrive until winter.

The toilets flush fine if there’s no paper products in them.

So why do you you think demand has slowed for this area?

The units are nice and have no issues at all.A lot of people ask why we cannot get them out it is very simple there is a huge backlog at the county courts and that is why it is extremely slow. 

The recent slow roof leak into the top floor apartment was after a major rainfall.

If you're slowly increasing but still slightly under market, have a better product, or better service (or all 3) and have rental comps to back it up, if they start to ask you can highlight these points.