I do not believe they can place a tenant inclusive of $80/unit.  

I'd just point out that it holds for other states as well.I would think in general states with less environment diversity would not have such extremes.    

This isn't inclusive but should give you a good start.

A bigger uncertainty is that the rent control may become more and and more strict over time creating a very risky business environment. 

or buy something with an ADU and you live in the ADU and rent out the main house.the current environment is just tough. 

there is a reason market STR pm in my market is 25% and market all inclusive LTR pm in my market is 8%.  

It's exacerbating the challenges with the high rate environment. 

Despite a challenging economic environment marked by inflation and slowing consumer spending, major dining chains like Taco Bell, Outback Steakhouse, and Applebee’s are pushing ahead with expansion plans.Yum Brands—parent company of Taco Bell, KFC, and Pizza Hut—opened 894 new locations globally in Q2 2024, marking a 5% increase in total units from last year.

Again, I will emphasize I am NOT stating that Praxis Capital is a "bad" sponsor - they are not a fly by night Syndicator that is going to abscond w/your money by any means and I believe their accounting is likely very rigorous (and they do get generate their K-1s in a timely manner) but I have done better w/other Sponsors in terms of return for my money, investing in properties or assets that have held their value even during this high interest rate environment and perhaps even work more hands on w/direct management of their properties (w/their property mgr). 

How are you financing your purchases in this lending environment?