There are a lot of different aspects to investing, as you may know. 

If it's helpful and we can measure a business impact, we will scale.

The reality of the market is often misunderstood, and you’ve perfectly highlighted the impact of interest rates on home prices.It’s a compelling point—waiting for lower rates can actually lead to higher overall costs due to increased demand and rising home prices.

I use a point system for screening; applicants get positive points for positive aspects, lose points for negative aspects, and I have a point threshold for each property. 

Thanks for posting this thread, as it will impact many thousands of units in NJ. 

So what you'll want to pay attention to is the total upfront costs and how that impacts your interest rate - I'd encourage you if your lender hasn't already to do a break-even calculation to determine based on your hold and strategy how much costs yield you a positive ROI. 

I think demand for rooms will remain high as inflation impacts people. 

I have lots of experience on projects that involve rezoning, platting, understanding City approvals/permitting, but that aspect you will not learn in any college courses, and nor does a Civil Engineering degree help with.

Or the impact of the tariffs, when implemented, on the construction material.

Will this deal impact how you approach CRE investing?