It is a new construction where they will not reduce the price in lieu of broker commission to keep their comps high.

Our Newport condo has consistently been rated highly, and we have been using the same cleaning crew since XXXX because they have consistently done a great job.

The reality is about a year ago landlords could sell their properties at a high price without actual NOI.

I'd highly recommend attending some local reia meetings.

So like I am not going to run out and buy a bunch of lots in Lehigh acres or coral gables FLA which is saturated with new builds and un finished new builds were the  FOMO got going big time and builders have failed to execute and left investors high and dry.

Right now there's huge concentration, but as this continues to build out and we see north of the high 30s GW by 10 years from now it'll be almost a requirement to keep some type of locality based risk assessment and to diversify. 

I have attached a video from our CEO on the Basics of Investing.

Interest rates are pretty universal across country, you are in a high demand, high cost area.  

Seems to be quite high fees but haven’t done the formal math.

UPDATE:  Just chatted with the city and learned that variances have a high threshold for approval.