It reduces the property taxes the cities could be collecting by suppressing valuations.

Rent Control Does Not Make Housing More Affordable | Manhattan Institute (manhattan-institute.org)6) Rent Caps Will Reduce City Tax RevenuesRent controls clearly suppress property values and municipalities can expect lower revenues, hindering their ability to provide essential services.7) If Rent Caps/controls don’t affect the number of new apartments created then why does the bill exempt them for the first 15 years?

Then throw in increasing rents and CAP rate suppression and the market gets a bit squirrelly (technical term).

Is a motel even a legal use, since in typical zoning that is a lower class than MF.For apartment conversion: conversion budget, ada upgrades needed, fire suppression and emergency exit requirements, occupancy, management.  

Loan        Downpayment 0%, SBA 10%, 25% collateral, 40% collateral, VA, FHA,         Source of funds:  SBA, Credit union, Bank, VA/FHA, Farm Credit, Credit Union, Hard Money.Deal SizeRealtorsLawyersSurveysTitle company or Title insuranceUtilities:    Electric    Plumbing     Sewer     Storm Ponds     Storm Drains     Water      Fire Hydrants      Fire suppression      Fire extinguishersParkingDrivewaysZoning    SetbacksHOACovenantsRoofGuttersSidingDoors/WindowsHVACPlumbingFlooringFoundationSidewalksDrivewayLandscapingLegal entity    Individual     LLC      Corporation     S Corp     PartnershipInsuranceProperty TaxesOnce you have this added to your spreadsheet, move around as needed. 

Supply is seriously suppressed.

They might ask about ADA compliance, number of parking stalls, designated Handicap parking, do you have grandfathered in fire suppression, etc.  

But I don't want people who believe solely in Cashflow NOW (because you want to buy a property that cashflows immediately as opposed to waiting for a year or two for the Market to drive up the Rental Rates) to suppress voices like mine.

But because we have been suppressed on property values for a long time, we are an appreciation market, too (just at a slower pace than the cashflow).

. :-)Will a fire suppression sprinkler system be required?