The city is in a desert so they have lots of space to build on, and the current problem is oversupply.

Do you want to sacrifice space for convenience to downtown? 

Tried other things but can't make anything better since it gives me space, allows me to prioritize and delegate, and is practically free.

@Paul AzadI have no idea how their funds are doing but in speaking with people in the space several GP’s are trying to push a fund right now to survive the next 3-5 years and raise capital before they lose most of the LP’s funds as once that happens raising $ will be near impossible I am not saying this is the case in this instance and cannot comment on the above, just sharing some common industry knowledge on what some are doing

I remember a buddy who once represented a client in the Santa Cruz Mountains.. this client turned an old barn into a shared art studio and invited local artists to rent the space, which ended up boosting inccome in ways they never imagined.The Redwood market can be tricky because of environmental restrictions, zoning quirks, and limited inventory.

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.

Brian B does a little investigation to find out that this GP had basically zero experience in the space yet took down a 50 mil dollar apartment in Houston ( not sure how they talked lenders into that one) but there is 10 mil in investor money that got wiped out as Brian showed this investor that the property went to foreclosure and reverted to the bank ( no one bid it).

I feel like it's a space where great operators can really clean up, since the bar is set really low, in my experience at least.

It is not a "data" thing.This is the actual reason why it is so hard to become successful in this space.  

Hi all,It seems we have found a property we are keen on in Peniche for investment in the Local Accommodation space.