You are doing things right and I can tell from how you present yourself you somewhat understand and respect the environment.

They will draw down substantially in a rising rate environment, especially if persistent inflation detracts from landlords' ability to consistently increase rents & other income. 

At a 75% LTV refinance, you're only leaving 5% of ARV invested in the property is purchased at 80% ARV.I only ran the analysis down to 80% ARV because the investing environment has changed so much.  

Their growth is attracting more robotics and AI talent to the area.Scaleworks: This venture equity firm is nurturing several growing tech startups in San Antonio, creating a ripple effect in the local tech ecosystem.CaptureRx: A healthcare technology company that's expanding its operations and workforce in the city.Filestack: This cloud-based file handling solution for app developers is headquartered in San Antonio and continues to grow its presence.These companies are not only bringing jobs but also fostering a tech-friendly environment that's attracting startups and established tech firms alike.

Check the lease to see if there is a clause about the tenant creating a safe environment.

Depending on the rental income of the building I might increase it more astringently to have healthier financial success (e.g $1200 in 2022 increased to $2100 by EOY 2024). 

There are other avenues to review but I agree past rental history is important (disclosure I have 15+ doors right now)If you feel bad for them then rent to them.My point is its corporate america and you are blaming the wrong person - you are blaming the corporation but you should be blaming the politicians who create an environment that is tenant friendly and sue happy. 

Many of these projects derive 50% or more of their overall profits from reversion cap rate assumptions and some type of compression that probably doesn't exist in the current environment.  

Why will likely determine how because if you are looking for cashflow vs. appreciation vs. quick capitalHow could it be househacking, brrrr, flip, long term -> You mentioned BRRRR, which is an awesome strategy but will only work in specific sectors of Chicagoland. finding the perfect brrrr in the current environment is extremely tough!

Meetups are the best for meeting people of all trades in Real Estate and it’s a safe environment.