It is an amazing city, with great food, sports, and culture. 

Rent-value ratios in the city are already too low to make predictable cashflow over time.The vibrance and cultural commodity of NYC is unparalleled (after all, I still want to live here), but it translates poorly into investment returns.

While we are there, we train the onsite team with our processes, install software, and establish the culture for how we expect the experience to be for them and the residents at the park.

They all have credit scores close to 800, their income is 6.5 to 8 times the rent, they are all OK with my preferred lease duration (16 months), and they are even also from the same culture!

But we didn't know that there was an entire counterculture in America refusing to play along with the dominant cultural narrative this country: work hard, spend hard, live broke, die broke.

If the dilemma is bigger than simple then I find a way to make it right for all parties.Another comment- It is very easy to see low income students as victims that need saving, but for the most part there are way too many problems that need solving down to the main root problem which to me is familial culture and environment.

He has nothing but positive things to say about the culture and education support that KW gives.

What are the tenant risks - tenant class, local employment opportunities, local culture? 

Some blue state guys on here get apoplexy about the idea of not pulling a permit, but they're indoctrinated that way by their culture. :) The truth is, inspectors don't know span charts any better than a good framer does.

118units would already have a culture among tenants so if you wish to change that, it's going to take a few years.