Would they not be the first to go belly up if we have another recession?

Don't think the juice is worth the squeeze with that approach.

There's a chance the whole thing will go belly up, but you should get back your earnest money if you stick with all your timelines.

If you can make just one storage unit for starter do so before making six (or more).4 - Do the low hanging NOI-optimizing tasks first, then move on to razzle-dazzle projects.5 - KEEP THOSE INNOVATING JUICES FLOWING!

When we’re doing deals for ourselves we can get the juice on IRRs up to 40-50% with refinances after a value add.

Yea it’s kind of a juice vs squeeze debate on the STR.

Plus, if you were willing to do a little airbnb action on site you could really juice your return.Good luck and keep at it!

Thought the definition of off market was belly to belly with the seller.

and not to pick on Texas  and this was the 80's but the 3 biggest loss's we took were large apartments in Dallas... they lost them all to the bank.reason... new builds competed with their older units rent wars high vacancy could not sustain debt service because like all syndicators or most syndicators.. max leverage was used to juice the return to the equity investors.I know its a new day in TExas.. but there is a lot of apartments being bought by the new crop of syndicators and they are probably being re-positioned by some other investment group that has not done well.. other wise there would be no meat on the bone to pay today's rates.

It is an exciting industry with highs and lows but definitely do believe educating oneself on what to look for, how to analyze and structure deals are essential factors in a good deal vs going belly up!