Underwrite to reality, not what you hope costs will be, because they aren't going back down.Post-pandemic vintage syndications:  You are mostly right, Scott, that these investors are cooked. 

So, if you have 10 units and you are going to pay $1,500 a month and you are working on an active income job, too, this is an easy switch due to the labor mentally and physically (even if it is just phone calls) to get these rentals running as a well-oiled machine.  

You can't add a lake but you can build out a great kitchen with everything needed to cook anything.Every STR owner will have a different answer.

I believe people should have everything they need to cook with and nice kitchen items to use to cook. 

In suburb cook county it is a little different. 

We had an underground oil tank that we thought was a 270 gallon. 

Do you like to cook? 

Seems like many of the apartment syndicators moved to ATMs, then Car Washes, now pitching Oil and Gas Drilling programs.Who can comment if these are hitting their numbers?

It won't be the same as an oil shock, dot-com bust, GFC, or COVID, but something will happen. 

Quote from @Matt Cook: I would really get with a realtor that is in the area of that property and that sells a lot of homes to comp the property on what it can sell for after the remodel.