In the first half of 2024, Nassau and Suffolk saw 45% and 43% increases in inventory respectively.

•If CPI remains high (3.4% or above): Mortgage rates are likely to stay at current levels or even increase slightly as the Fed remains restrictive.

Many states have discounted property taxes and lower yearly increases for owner occupied properties.

The Birmingham market has been showing steady growth, with increasing demand for both single-family homes and multi-family properties.

The other is prices have risen so much with an associated increase in rents that the prop 13 discount is large.- Accelerated depreciation is not available on an OO. 

When a syndication is not performing, the communication should increase.  

Turnover might even work in your favor with annual rent increases tied to the academic calendar.

One additional consideration is that we're in the 35% tax bracket, so if we go with the 30yr option, we could take advantage of the tax savings (~$100 - $250 per month for the next 5-8 years depending on how quickly IRS will increase the standard deduction limits).

I see most trying to aim for a 6-10% CoC return "as is" and then hopefully see some upside over time with increase in rents or appreciation.

Because the property is so unique pricing likely needs to be as well, maybe consider that based on the property needs/maintenance and location you may not want it consistently turned over so maybe you open 28 day slots and allow use with a 1 time per month turn over.