I never just post based on speculation. :) BTW 100s and 100s and 100s of tenants in various govt programs over the years, All the best 

You're paying the fairly speculative price, and if things don't pan out the way some people expect them to, you could be in a negative equity position for a while.

Investors got foreclosed because they were over leveraged and speculating that prices would keep going up.

This is pure speculation from me so I would love your opinion as someone who is experienced! 

The value in real estate is actually high leverage + high risk taking in speculative environment.

There could be some indirect cause their due to lower quality properties attracting that type of renter, but at this point that is just speculation on my part.

Account Closed Too funny...yeah...not a fan of speculation and we try to keep our buyers protected whenever we can.

Passive syndication investors need to understand what fair and unfair fees look like, and how to ensure that the passive investor is put in a good position.I can't personally comment on whether REITs or syndications are more efficient at value add because my first-hand operational experience is only with syndications, so commenting on REITs' ability to efficiently deploy capital for value adds would be more in the realm of speculation.

I can't really speculate more about this project without much more inforamtion, age, comps, condition, quality of the conversion, location and market will all play a role in the valuation process.

This is pure speculation on my part.