What a thorough broad-stroke overview of each zip code. 

After peaking in the second quarter of 2022 at $316 billion, trailing 12-month transaction volume finished the year close to 70% off the recent highs.As interest rate volatility whipsawed the capital markets last year, a noticeable shift in buying patterns saw investors move up the quality spectrum.

Your question is very broad so it's impossible to answer well.

@Joe KellyWe can agree that there are variant quality of builders across the spectrum of housing types yes?

If I'm in your shoes, I'd recommend interviewing and meeting with different brokers across the spectrum to get a good sense of which option is right for you.

The subject is way too broad… 50 states’ different laws are implicated. 

The 80,750-SF grocery-anchored neighborhood center, which traded at a 6.5% cap rate and was 92% occupied, has had The Fresh Market as its anchor tenant for the past 12 years.Higher up the pricing spectrum, unanchored and open-air shopping centers may see cap rates above 7% and occasionally push into the 8% to 9% range as specific market and quality factors influence each transaction.In the open-air shopping center segment, Nuveen sold the 1 MSF Fayette Pavilion to 5Rivers CRE, a private buyer from Houston, for $134 million, or $128/SF.

Not to be left behind, institutional and public REIT investors persist in their pace of acquisitions, homing in on first-class developments and prime locations.Yields on stabilized industrial investments continue to price in a tight range over treasuries, which began falling in the fourth quarter due to slowing economic growth and the market's expectations of rate cuts beginning in the first half of 2024.Properties offering in-place rents substantially below market can still see cap rates in the upper 4% range, but a growing portion now trades in the low 5% spectrum.

Hey Scott,It's hard to explain such a broad subject in one post.

I am writing my business plan and I am trying to figure out how I will include in the renovation costs from a percentage of the purchase priceThis is really not possible, except in a very broad range.