But we are all in a different boat an these decisions should be treated as such.

At Rent to Retirement, we’ve been helping investors navigate these decisions for over a decade.If you have questions about market analysis or getting started, feel free to reach out.

If they called you first, would you have made a different decision?

This goes the same for calculating rents in the area, I what to know the real data.. i.e. from the MLS, or insurance from the broker/insurance agent to make the right decision.

I appreciate the input and with think through this decision.

It also sounds like they are unsure about renewing the lease so I would ask them when they will make a decision on if they want to renew the lease or not.

When a Class A apartment can be had for the same price as a Class B/C renovated unit, the B/C operator drops prices, and so on.But, in terms of making an investment decision, I think it is short sighted to rely purely on full market average data.  

You can make a real case for either decision, so - and I can't believe I'm saying this - do what feels good.

This is the emotional journey I went through and the key business decisions I made along the way.

First, conducting thorough research and due diligence before making any investment decisions is crucial.