After peaking in the second quarter of 2022 at $316 billion, trailing 12-month transaction volume finished the year close to 70% off the recent highs.As interest rate volatility whipsawed the capital markets last year, a noticeable shift in buying patterns saw investors move up the quality spectrum.

I would not recommend this one if this is where you are putting all your marbles. 

Be sure to employ pattern-interruption also.

On the refaces we just paint the face frames white and he comes in and measures and cuts out the cabinet doors out of melamine that has a slight off white wood pattern.

Prior, most syndications were structured as a Tenant In Common (TIC) structure for the 1031 exchange investor.As a result, many of the active DST players are either reinvented from the ashes of that crisis, or entirely new.There are some inherent (unanimous voting by all members to make any decisions) reasons why the TIC was replaced by DSTs, but I’ll save you the history lesson.The most useful lesson coming out of the last recession (and I share your perspective on the cyclical pattern coming around the corner ahead) is how different asset classes faired.You can get that data from public filings from REITs, who have to report far more data and intel than OTC private placement investments.Fast forward to the COVID crisis.

The increase in interest rates follows a similar pattern as the one seen between 2004-07, however I believe that there is one major difference that makes today's market less likely to see a similar surge in delinquencies: a lower % of variable rate mortgages (Figure 2).

Are they using quartz, concrete or marble countertops?

This is confirmed with other Indy area homeowners and investors I talked to, no predictable pattern of property tax increase unlike California with 2% max increase a year. 

However when you are the assignee of a contract (per the fact pattern), you are not the buyer... you're simply the assignee.

I would research migration patterns and pick a county inside a landlord friendly state.