@Andrew Neal I did not - I started in single family cut my teeth doing that flipping a couple of 100 homes then transitioned to commercial real estate doing multi family, office and retail deals now after about 4 years in residential - why you ask ?

And a key note, when you correctly frame things as a discount, if/when a good tenant turns bad, you'll thank me you did it that way because that's when the teeth come into it and billing defaults back to full rate.

Sensitive since it’s my son in law but I need to get house sold.You mentioned size of my house - If I understood you right you meant it’s larger home than typical.  

True Joel, but like pulling teeth to get Syndicators to show you their track record, ie actual total returns with breakdowns of distributions + capital appreciation + principal paydown etc, and SEC so loosely governs Real Estate that it's the only investment category that doesn't require standardized return metrics like the 30=day SEC yield on any fixed income product is mandatory, or audited GAAP accounting standards on finacials from public stocks/Reits etc Real estate seems to be still a bit more un-regulated "Wild Wild West" than other parts of the investment economy, but i guess hence the much better returns i've had in real estate, risk = rewards This is why the good sponsors get have audited financials and have a third party verify their track record.

Debt restructurization is common when rate-sensitive project is hammered when there's change in rate especially with these massive volatility.Now what I see is project with 1.4 DSCR initially is becoming 0.80 DSCR after rate increases 400-500bps. 

We build several sensitivity matrices that compare exit cap rate and hold period, as well as NOI at sale and exit cap rate.

It’s difficult to exactly quantify and everyone will have a different opinion of what’s “safe” but we evaluate historical cap rates and the volatility of those cap rates as well as run a sensitivity analysis with changing rent growth and cap rates.

.- So why the CPI started inflating in Q2-2021 but not noticeable in Q1-2021 is because CPI # is more sensitive to PPI changes but not that sensitive to housing numbers.

If the information contained in the documents is sensitive, the files are secure, but you may be best to add an encryption program on both ends to fully secure them to your level of comfort.

However, I would caution those who are sensitive to high altitude, or who use supplemental oxygen to see how they do in Prescott and Flagstaff before they make a permanent move - those areas are as high or higher in elevation than Denver, CO.