We focused on 1 and 2 br properties long before MTRs became trendy because they have lower price points, less competition, lower expenses, and while the tenant pool is smaller, so is supply.

That neighborhood is buzzing with potential-young professionals, trendy developments, and a rental market that’s always in demand.

I think there are two maybe 3 ways to look at this in my mind.  1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area? 

Its a risky expensive job.Obviously this is one market but the trend is not positive.

Sounds cool and trendy to say and believe you will fire your boss in a few months from REI.

If its the trendy hot areas, or general "path of progress" and your able to make a trip and go drive around to find that "path" its really the best way. 

East NashvilleWhy It's Hot: This trendy neighborhood is popular among young professionals and families seeking a mix of charm and modern amenities.

They built a pole barn structure, air conditioned it, strung up some lights and trendy decor and host baby showers or weddings almost every weekend. 

The fact he is not selling and not offering to LP, means he is doing okayWhen LP throws money to GP and especially when the cap rate trend is declining AND spread between 10y yield and cap rate is declining, LP is already losing money.I would say LP that invest in 2021 is similar to those car buyer that purchase new Jeep , asset value tanked immediately the moment they are participating in.

Would like to know more insights on how this trend is shaping your deals and what’s been effective!