Since their project is running longer than anticipated they can't speak to the ROI yet and whether they're going to make the return that was projected / advertised.

That it's an inflationary action, not huge one but still, that's those "votes" as I am seeing it. yes, one could argue those were priced in weeks ago, although that's a valid argument for trading sideways not upwards. 50bps is the biggest of the anticipated and many expected 25.

Do you anticipate it being vacant through the winter.

You are seeing it already, the nicely renovated units are having to compete on price with vintage units, because we are in a market where a lot of people are worried about their job prospects, not anticipating getting raises, on top of groceries costing 30% more than they used to.  

Hello BP Community,
I am new to real estate investing. We currently have one rental property that is fully paid off, generating $2,150 per month in income, with expenses around $1,000. We are now considering house ha...

.- 5 month permitting (Much longer than anticipated)- 160 days of vertical construction - The storms set us back on a few builds because it caused us to delay our septic instillation.

This leads to issues with refinancing and could leave you with less equity or higher debt than anticipated.

Is Lakewood market anticipated to hold value around this 225k range for a renovated property?

I’ve had other clients who preferred this approach..one even found a gem in Glenview at a time when the suburb wasn’t as well-known, and today his property’s value has grown by 15% in the past three years alone.With the anticipated drop in mortgage rates in 2024, the suburbs might be a solid pick for someone new to the market, especially if you’re looking to build equity without dealing with the volatility of city investments.So, for a first-timer, think about your goals: high appreciation and some hands-on work?

If they are truly a local firm you'll want to vet their experience thoroughly to verify that they have the depth of experience to handle what you're anticipating.