We closed on it in Nov of 17’ and decided in January to turn it into a flip versus a rental.

@Snehann KapnadakSnehann,I think that’s an innovative strategy as long as it’s structured properly.

If we relied on education, there'd never be any innovation.

Let's continue to innovate, integrate, and help each other out.

I bought a 4-plex in Nov 2019 and was able to file an eviction petition in court this week finally.  

Where is your innovation?

Held longer than expected since construction completed in Nov 2018.

v=wzYZGj-eByQWe’re not just in Lakewood, sold one in Beachwood in Nov of last year. 

I ended up selling my duplex in Nov -it was too hard to manage from afar without a strong team and my tenants were difficult in a D neighborhood so I let it go.

As the market matures, and we know that the STR market is relatively newish, older market participants with outdated products need to revamp and relaunch or withdraw and while we don't know who will do what in this category we do know that some will withdraw which will reduce the supply while newer market participants will find it more costly to enter the market due to the rising costs to competitively enter the market which will reduce the rate of growth of new supply until we have a break in costs through innovation which will then bring a new wave of market participants into the market forcing older participants to adapt, etc.