Deviations from the PLRs will significantly increase the risk to you since your transaction did not follow the PLRs exactly.Deviation from Private Letter Rulings There are a couple of areas where transactions deviate from the three (3) Private Letter Rulings discussed above.

This is very helpful.I agree and am aware that there is increased risk to an auction property. 

Because here, the proposal would increase property taxes about 5x.  

As an example, our request for rent increase that was submitted in Sep 2023 has not been processed and may never be processed.

I have clients who are increasing their cash flow by between $19k and $55k and their cost basis is between $145k and $200k.

Pace was the only one I encountered who showed up live, who is living these deals out every day and consistently finding ways to deliver (increasing) value to his community.

With the increase in prices and competition over the last few years, these figures were so divorced from reality that these people now typically advertise 8% to 10% at the most, which, unsurprisingly, is still higher than reality.

.- Can't see a Senior-Only complex allowing Short-Term-Rentals (STR).If so, SELL.2) What is the history of Association Fee increases and how well capitalized is the Association for future repairs?

I do agree that operating costs (insurance rates) will not go down and may even increase over time.

And if rents continue to increase in the area, the cash flow could be closer to $300 per month if I refi in about 2 years.