I'm confused about what exactly gets included in the operating expenses that are used in the DCR calculation - perhaps there's some variability?

it is going to be extremely difficult to buy a property in a market you don't know and don't live in, and operate successfullyfor example - don't do thishttps://www.biggerpockets.com/forums/48/topics/1137397-balti...

I know there are lots of operations out there already doing this.

We own and operate in  Columbus OH market and DFW, do you recommended them?

I do look at the population, rental laws, rental laws, and major businesses/organizations (hospitals, universities, big business, etc.)

This structure explains why institutional players dominate - they likely have the capital, connections, and infrastructure to operate effectively in such an environment.

Many multifamily projects face challenges, including rising interest rates, operational inefficiencies, and decreased valuations, which drive the growing need for alternative financing solutions.This environment presents a unique opportunity for mezzanine debt and preferred equity investors.

We don't operate within a salary cap.

What % of the $140k is going to operating expenses?

This increase puts downward pressure on both rental rates and property values.Rising insurance costs: Skyrocketing insurance premiums are further squeezing cash flow and increasing operational costs for property owners.Short-term outlook: With the current market conditions, Florida real estate is unlikely to yield strong returns over the next 1-2 years, making it less favorable for immediate investment.