This was the single largest contributor to the significant under performance of the investment.

Ideally the cash will increase with time as the largest expense (P&i) is fixed cost.  

Meanwhile, the San Jose-Sunnyvale-Santa Clara metropolitan area had the lowest in the nation at 6.3 percent.Another WalletHub report, released in July 2024, found that the city of Chula Vista in San Diego Countyleads the nation in the largest increase in credit card delinquencies, nearly 85 percent during the first quarter of 2024.Numbers from the Bureau of Labor Statistics show the unemployment rate in Californiaremained relatively steady from July to December 2024, ticking only slightly higher to 5.5 percent.

Vacancy is the largest cost that is often not considered.

@Tony Wilcox: Do me a favor and listen to the largest Allstate Insurance Agent in Arizona and what he says Skyrocketing Insurance Costs Threaten to Shatter Housing Markethttps://www youtube com/watch?

CRE brokers are the largest and as a developer we wouldn't look at that.

DENVER — Rent costs in the Denver-metro area recorded the largest monthly decline in the nation in January, according to Zillow’s monthly rental report.Denver was one of 11 major metro areas where monthly rental rates fell, leading the way at a 0.4% decline in January rent costs, the report shows.

If you don't have access through the paywall, here is an excerpt:-----------------------For Americans who rely on so-called Section 8 housing choice vouchers, the first weeks of the second Trump administration have brought a whirlwind of uncertainty.The 50-year-old Housing Choice Voucher program is the federal government’s largest form of assistance for low-income families.

I think having a good strong team and good track record is essential  debt is better but in 2008 I saw some of the largest companies in real estate like JPI in early 2000's owned / developed a lot of land and was build ready and ended up going under because of slow down and lack of construction - if you do not sell and economy goes south, sitting on a shovel ready project can get expensive and go the other way quickly.  

The (tentative) room rates are as follows, from smallest to largest room, $400, $425, $425,$475, $500, $525, $550.