Same as Isha here...would love to hear how things are going in light of the new market conditions.  

We still end up doing a few things like upgrading appliances or installing recessed LED lighting and dimmer switches and other life-style upgrades to attract top-notch tenants. 

I was barely hitting them with the 12 gauge, and he was taking them out of the air with his Glock 17...lol I could do that if the clays were the size of a a garbage can lid :)  We have 4 different shot guns for clays just to get variety  berreta silver pigeon 20 and one 12.. my old remington 870 wingmaster I used to use for geese and my grandfathers browning auto light 12 which is 75 years old but shoots very well..

You fail to the systems in place, keep strong standards and the failure rate is light.

The article below sheds light on how DSCRs come into play with the BRRRR method.

@Marc Shin I like the idea of a dusk photo of it’s the porch and maybe interior lights on.

I don't even think its worth a sub-to We had a similar deal last summer that looked like it was on a glide path to closing and then the REAL numbers came to light and the wheels fell off the bus. 

I don’t see anything glaringly wrong with their concept but 2 things have caused a red light.  1.

What about drive approaches, parking lots, site lights, landscape, irrigation, etc.? 

Shedding more light on the topic of affordable housing in general...