- The mortgage on the property was an interest-only one in order to make the COC reasonable, although by the time the IO period was over, a sell strategy didn't materialize and the increased mortgage wasn't sustainable- The sponsor was a scam (how?)

Smaller cities tend to be dependent on a single company or market sector.Significant and sustained population growth causes increasing demand for housing.

The shortage of land, combined with the increasing population, almost guarantees that property prices and rents will continue to increase.Pro-business governmentWith a low-regulation environment, streamlined licensing and approval processes, and favorable tax policies, the Nevada State and Clark County (Las Vegas metro) is a very business-friendly jurisdiction.Population growthThe population continues to grow at a sustainable rate of about 2.5% to 3%.JobsAccording to Glass Door and Monster, today, Las Vegas has between 26,000 and 31,000 open jobs.

This is a never ending discussion and really just depends on your personal preferences and liquidity to be able sustain in a softening or a down market when it does come (and those periods do happen). 

Take what resonates with you and leave the rest.

Determining the sustainable of each attribute and if, when added together, the merits of each of these five factors makes the park compelling to buy is the main job of due diligence.

What's going on BP family, I hope everyone is doing well! My team and I have recently purchased a smaller 103 unit self-storage facility with two apartments on site we will also rent out. We purchased this property in...

Especially when the economic sustainability of STRs is getting less certain.2.

You want something, generally speaking, that needs some work but isn't too much to where you can minimize the risk when it comes to the amount of rehab, but is located in a market that can sustain a good healthy After Repair Value while providing rents that promote a good cash flow in the face of interest rates, property taxes, and insurance costs. 

I’ve bought 80ish houses in that time period and I feel I have a real, duplicatable business system that will sustain for the longer term.