You need to know what a cookie-cutter deal looks like for the source so you can not waste your time bringing in the stuff you know they won't do.  5) Then you close on the property and put the execution plan in place that was a team effort on behalf of you, the lender, the GC, and the agent. 

Madison (senior living) and Nelson (student housing) have suffered from a combination of poor planning and poor execution, as our income from those investments has either stopped or diminished.

@William Vreelandsetting aside the specific market for a moment, do you have a plan to execute every step of a BRRRR? 

City staff normally has a good expertise on these issues and are helpful in my experience.

Buy them out so you have enough units to pay for staff and whatever else is needed. 

The staff are super responsive and helpful. 

So purchase price, as long as you can obtain initial funds to execute the BRRRR (including the value add), has zero bearing.  

Where does it explain HOW they will execute their services?

But the right home or group of homes can enable you to hire managers and staff to run things FOR you.

The notice of sale must include an executed duplicate original of the third-party purchase agreement and make available specific details about the property including the most recent rent roll, list of vacant apartments, income and expense report for the 12 month prior to the notice and any other information the Housing Commissioner may specify by rule.Tenants’ first right to purchase the building before a third-party (‘Right of First Refusal’)Tenants in buildings with five or more dwelling units have a period of 90 days from receipt of ‘notice to sell’ to form a union to exercise their “right of first refusal.”