But the bigger thing I see is physical condition.  

I selected the applicant that I thought was best fit. 

.- Business Model: Looking to provide flexible financing solutions for individuals and businesses who may not fit traditional lending criteria.- Regulatory Compliance: Ensuring all legal and regulatory requirements are met for private lending.Questions for the Community:1.

I'm not sure how straight-forward your rental amounts are, but I needed the ability to line-item out several different charges (CAM fees, etc.) as well as have different base rent amounts based on the year of the lease (cost of living increases yearly) and found that Innago was the best fit for me. 

Since investors and househackers in New York are exposed to more inventory, they are seeing dozens of available properties that fit their criteria vs. just 1-2 properties a year ago.We have more available options, which results in househack investors and homebuyers having more time to negotiate lower purchase prices, better terms, and more favorable contingencies.

It took years for me to find the right fit with some of our partnership groups, but once you hit gold...game on. 

A strategy that fits your current financial situation and your financial mindset and goals. 

It doesn't fit the "20% rule" for STR's, but it is cash flow positive; the 3b/2ba is cashflowing around ~$400/month after PM fees + utilities. 

The bathroom ceilings were so low that I may not even fit in the shower.

I specifically want to expand on Chris's point by discussing capital risk buckets, which help set a target return range for IRR.At my company, they are as follows:Core: Lowest risk, Class A product, in Central Business Districts, ranging from 7-10%+ levered IRR (since you're in development, I assume this is most of the asset class you handle).Core Plus: Still low risk, strong location with potential upside, 10-13% levered IRR.Value Add: Medium-high risk, Class B+ or B-, mediocre to strong location with operational or physical upside, 13-15% levered IRR.Opportunistic: Highest risk, major upside potential, varying locations, 15-20% levered IRR.As for the GP/LP split on promoted interest, GPs can choose an aggressive split, but the decision should be strategic and consider the preferences and risk tolerances of potential investors.