If you can find a place where the HOA or COA is flexible and you are able to convince the membership to go into development and perhaps convert the property into a co-op you could build a new apartment complex with commercial rental spaces on the ground floor and residential spaces on the top. 

Especially not when rates are where they are, inventory is still pretty tight, and rent/unemployment is on thin ice.

If you want things to remain the same, money is going to be tight.

However, after being in the private equity space now since 2016, I have learned there is much more to this kind of note business than what is simplified in the AHP offering.

Are you renting the spaces through AirBNB or VRBO or only the word of mouth thing?

So my question is how can/should LPs verify the lip service GPs give on their experience and handling of this space? 

Then later as you grow older and no longer want to share your space you can just stop renting the other bedroom.

You would be violating Airbnb's terms of service.I really appreciate your experience and how long you’ve been in the space, but it’d be a disservice if I didn’t tell you that these very short, non-productive, blunt responses add no value to this conversation.

People seem more angry with Airbnb and VRBO but ultimately, guests still see more value in them than hotels so the question will be if new entrants (or existing platforms like BDC) will continue to invest in the STR space (e.g.

I then decided to modify my criteria to look for deals that were 50+ units and found that I had much more success in that space because most credible bigger buyers aren't looking at deals that are smaller than 100 units.