Be sure understand the reason for it, so you're not digging yourself into a deep hole here.Lastly, remember that cap rate is a measure of the local market.

For a core deal, I would assume it would be lower, but again, I don't know what they are doing to drive those returns.Relying on markedly lower loan rates is no guaranteeRelying on more core buyers is only likely to happen when pricing (as measured by cap rate) is higher than prevailing interest rates.Unknowns:What is business plan to generate those returns? 

This should include which areas you can access, what hours you can work, and any safety measures you’ll take.

When finding the "right" location for long-term rentals, are there any neighborhoods or areas in Waco that you've found particularly ideal for maximizing rent and safety?

Some investors opt for larger homes with more bedrooms, while others convert existing residential properties to fit more people comfortably, ensuring they meet safety and accessibility standards.One thing to consider—smaller operations like RAL often rely on word of mouth and local reputation to fill rooms, so community engagement and relationships with local health care providers are key to success.PS: Fun fact—by 2030, it’s projected that more than 20% of the U.S. population will be over the age of 65, which makes senior housing a high-demand sector for decades to come. 

The metric to measure whether it works or not is the CONVERSION RATE, not whether or not a deal was made.If your conversion rate is 0.03% (like it usually is for DMM), spending more money to get more mailers out does NOT change the effectiveness of that strategy.

She's willing to pay the rent for the next two months to be a PITA, that is her choice.Inform her in writing the need to keep the AC set to a minimum level to protect the health and safety of the property even if she is not living there.

It will cost you, but it will be worth the peace of mind going forward, knowing you won't be held liable for any half-measures taken in your renovation that fail and cause damage in the future.

The correct way to measure the overall performance of the investment would be through a Cumulative Return or Compounded Annual Growth Rate (CAGR).

There are about 14 million millionaires in the United States so only about 4% of United States population.Personally I like accredited investors that have already made alot of money and not looking for high risk deal and just want that steady coupon and if they get upside great but not required to invest in the deal as equity upside is a secondary focus versus the safety and stability of the investment.