Most of the ones completely imploding are also newer sponsors who didn't have a full real cycle experience when they launched (and either didn't understand the risks they were taking or didn't care). etc.Also, in my opinion, the longer interest rates stay "higher for longer", the more likely the stress will continue.

We actually started our business Quality Builders at the same time and used that as a first project launch pad!

The property is part of a large condominium and is located on the backside of the building (i.e., it does not have an ocean view).

Hopefully, this first investment will launch our journey in real estate.Here are some criteria we have in mind:Not in downtown SacramentoClass C+ or B location, since we will be living in one unit (we just want a safe location)Units with shared walls, not ceilingsSeparately meteredFairly renovated or well-maintained (not a fixer-upper, but if one unit is renovated and the others need some work, we would love the experience of fixing and renovating)Can you think of any other factors we should consider?

Hello, I'm an out of state investor and about to launch a str in close to downtown indy.

Does anyone have a good spreadsheet for condominium conversions?

Thankfully I've only been in this situation twice since I launched. 

Interestingly, when I searched "condominium in fee simple", there are several discussions on the topic, including this one on "Appraisersforum.com". https://appraisersforum.com/forums/threads/how-is-a-condo-fee-simple.163799/

Company formed in 2020/2021, but founding partners have decades of experience EACH, prior to launching company.  

Hilton is launching a more affordable chain shortly - mostly new construction.