But 2023 saw more supply restrained than real demand,  think this inverses.

Here is the thing - our brains are wired to be more sensitive to a loss compared to the possibility of even a much larger gain and we are biased to try and stop a loss.I think I need to take a step back and think about this like it's a totally new deal, and I have no stake in it, would I invest in this deal now based on all the facts?

I want to be sensitive to their needs but also want to tell them that she was lucky she got 20 years of parking her bike in the laundry room and that now this is being enforced. 

IRR estimates are extremely sensitive to the exit cap assumptions.

Construction starting at the end of this year or beginning of next will last 2-3 years at a minimum and then they have sensitive  equipment to set up which will take another couple years.

There are a lot of settings, so as Craig suggested, you're going to need to go in and make sure you've adjusted the sensitivity, etc...

Good idea - I guess I am a little sensitive to this topic because I had to go thru an eviction process with the tenant before this couple.

However, Real Estate is highly sensitive to borrowing costs for all that lovely leverage.

However, I would caution those who are sensitive to high altitude, or who use supplemental oxygen to see how they do in Prescott and Flagstaff before they make a permanent move - those areas are as high or higher in elevation than Denver, CO.  

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