If I was evaluating that property, a couple of things would stand out: I agree the 5" slab probably isn't sufficient given the potential for freezing and movement under the slab.

just dont compare 08 09 2011 2012  other wise your crying in your beer at least I was LOL

I'd double check actual rents in the neighborhood with comparable and if it's in line then it doesn't sounds unreasonable...

For example, August through Nov in the U.S. has 11.5% lower monthly demand, 13.5% lower occupancy, and 6.4% lower ADR compared to April through July in 2023.

When comparing comps, pay attention to additional features like private pools, garages versus carports, ADUs, or any other standout features often overlooked by newer investors.

Prove me wrong.And how does this compare to other deals in the area.

The market in Indy is less saturated compared to Texas, making it a great option for newcomers looking to build a solid portfolio without facing the intense competition.Feel free to reach out if you’d like to chat more about strategies, market opportunities, or just exchange ideas.

NOI, and by extension the cap rate allows people to compare 2 different assets.The amount of leverage an investor uses, and the rate at which he borrows, and the length of time they have to pay back that debt are completely independent factors from the asset.

I find it difficult to trust anything related to the 'Green Building' movement.....

So my focus is to try to build a larger sum of money compared to if I just concentrated my efforts on making money in my country.