Do keep in mind, we are not approaching this from a purely investment standpoint.

I’m looking at a simple point-in-time matrix based purely on cash flow return.

However, you could do a mix of both, for example you could create paid advertising to promote specials/rates, partner with a local restaurant to have some type of a collaboration that includes a free drink with a stay, or you could switch to longer rentals.

What does $10 per unit mean for 388 units=  $10 x 12 months x 388 units= $46,560 additional revenue with no added cost, other than sending out a notification letter.So, $46,560 more revenue and pure cash flow. 

We do not drink but I wasn't opposed to providing a local wine that was fun.

Are you living in it or is it a pure investment property? 

The published cap should be used purely as a guideline, whereas the final determination could vary. 

From a pure decency perspective, it's unforgivable for sponsors to not communicate to their investors. 

Folks just drink the cool aid of guaranteed rent..

It’s great that you’ve already started practicing with NOI and cap rates for evaluating properties, but you're right that smaller properties, like quadplexes or less, are often valued differently.For residential properties with four units or fewer, the market tends to focus more on comparable sales in the area rather than purely relying on income calculations like cap rate.