I wound up coming up with standardized language to put into the lease (which originally just said that service animals would be permitted according to law).

However, the rents have not caught up to the increase in house prices which are making the metrics impossible to factor.

I also have a good w-2, live below my means, no debt, and due to get wage increases in coming years. 

It's interesting that places with pools only increase occupancy 4% and 2% respectively.

1% of gross management fees for one year is standard fair here in north carolina.  

Note that this is another example of where real estate “lingo” doesn’t always match with the standard English Language!

It has the least flood risk.I haven't had an appraisal done, but the property tax we pay keeps increasing based on the estimated property value.

This bridge loan will position our client (who is very experienced and seasoned in this market) to successfully continue lease up and manage rent increases up to market until the property is primed for the HUD take out.If you are experiencing a similar story with any of your multifamily assets, please don’t hesitate to reach out directly, and we will work to identify if there is a solution to revitalizing your deal with perhaps a new Bridge loan until it is fully stabilized for agency or HUD.Maureese Jones | Commercial Mortgage BrokerCell: 717-881-3358 | Website: gparency.comAddress: 481 Oak Glen Rd, Howell Township, NJ 07731Follow me on LinkedIn

It can be a great way to sell a problem property for a good price to someone who wants to own a house, has money for a down payment, but can't qualify for standard loan products. 

Some easily verified facts:- San Diego appreciation has been great - San Diego rent growth has been great- prop 13 protects against exorbitant property tax increases- San Diego has one of the lowest eviction rates in the country- San Diego has one of the lowest delinquent rent rates in the country- San Diego has a very low vacancy rate- historically for long holds, San Diego has produced near top in nation return.