OK Thanks Chad.. yes now that you clarify that and I also work in the low value asset sand box but only to Investors who have money to turn them around I would never count on those owner occ's to cure at least at any large % to easy to  walk  and the properties as you mentioned many will be functionally obsolete and economically obsolete so they turn into your basic zombie house that local wholesalers go for ..

Look at rent growth trends, vacancy rates, and the area’s economic drivers.

Immediately after the weak jobs report, we saw unemployment applications come in way below projections.The economic pain people and businesses are facing in 2024 is real.

BP Community:I’m building out a list of videos that will highlight the economic development in the specific cities/towns we invest in.

And there’s no catalytic economic drivers for those areas.Don’t do it unless you are doing it just for fun and pure speculation.  

Local market economic conditions. 

The economics simply do not favor the investor.  

But separate disconnected units wouldn't be economically efficient or even feasible for assisted living care once they need it. 

One thing we, as humans, are consistently bad at is predicting the future - especially when it comes to political and economic shifts. 

So, cycles happen and we will likely have another down rate cycle in the next few years but it might just be due to another economic issue, so sometimes be careful what you wish for.