Their concept is not new and has been around for ages with people renting rooms in college towns and more expensive markets (NYC, LA) however this is a centralized more hands off management approach to self managing by letting them do all the heavy lifting for you which allows you to scale in less time so yes the concept definitely works and even better with their technology behind it.

 I bought my first house in 1987 and  5 years later I got a job transfer from Miami to Central Florida. 

Also, I think, general maintenance is centralized so 1 handyman could care for all units, which makes it easier to manage.

Will be interesting to see how 2025 plays out. 10 yr rates are still over 4 and spreads are not coming down quick enough to rescue people who bit off more than they can chew.Good luck with your MHP, we like that product a lot and have a deal in Central Valley, CA! 

when underwriting a property a good rule of thumb would be to set aside ~5% gross income for each Cap Ex, maintenance, and vacancy. (15% total)I dont know much of the market in TX but in central MA i work with a lot of investors that are interested in acquiring multi family properties so that's mostly what i deal in. 

Alternatively, you can offer more such as central air when the competition doesn't have it.Avoid areas with a lot of new rental deliveries.

Columbus, Ohio, and the rest of Central Ohio, has seen a lot of appreciation due to the jobs and population coming to the area

Here in Central WI it is the most common to have students pay by the semester (one large lump sum), and then also a small amount for summer if they decide to stay. 

Central to my argument would be that making sweeping changes to the covenants themselves or changing how the covenants have been historically enforced only addresses the current problem indirectly. 

Positioned near land we own on West Concord Street, which is slated for a major development of 12 patio homes and two duplexes, this property is central to a broader strategy of enhancing value and transforming the area.