We supposedly live in a new, enlightened era, where people are not judged on their name, their color, their creed, being bald, fat, etc.

If you can in any way get a STR going there I think that would be the ultimate for you......tons more $$, no tenant issues.....

Current market is trimming the fat, see it as an opportunity to eat market share. 

I definitely recommend reading as much as you can in multiple genres/categories (especially leadership and personal growth...Extreme Ownership by Jocko Willink was insanely impactful for me), and you'll be amazed at what gems you're able to pick up from even non-finance/non-real estate investing books. 

Even if a tenant can in theory handle market rate rent, their budget is based on the current rent.

There are complexes that are extremely run down and sell at a major discount in comparison to other complexes in the area.Read the minutes for the last 12 months (very important), look at the financials, read the reserves study (assuming they have done one, typically every three years), and see if you can in fact add value before hoping onto the board.

We will not see a repeat of 2021’s STR boom.Lower your prices for the second half of the year and capture as much occupancy as you can in order to save your RevPAR.

It's a super useful tool to help trim fat in a business.No matter what your business is or what you invest in, it's likely that 20% of your products/clients/properties/etc generate 80% of your revenue.

This does put more work on you, as you will need to get and pay the bill each month, then send the tenants their portion of that bill.In my market, most landlords just eat it and bake what they can in the rent.

I remain hopeful that BP can, in time, be better than other “public squares” even in the face of all the realities Mark expressed so effectively.