The builder construction cost for materials has increased by 33% from June 2023 to January/February 2024?

. $800 goes to expenses like underwriting, which is enough to attract competent underwriters, $150 in claims, so a combined ratio of 0.95. 

It's a great time to be in development, not necessarily AirBnB in CA due to the ever-increasing restrictions and fire hazard severity zones - but that's still something great to have experience with.

I don't see at this time for health care workers any walkable locations to hospitals and there also isn't the attraction of living in the city like Boston. 

The private lender financing at a 4.75% interest rate is favorable, and the property has good potential for appreciation in the future.While the monthly mortgage payment may cut into your cash flow in the short term, the opportunity to increase the cash on cash return to 3.1% over the 12-year term is promising.

Also there is ability to increase rents by 30%.

I follow the news for Philadelphia and it looks like the current mayor has no clue on how to attract companies back to Philly.

You should be able to nicely outfit your property so it attracts guests.

We thought this would be great because he already has a rapport with the current tenants and we don't want to make major changes since we will be soon increasing the rents after some capital upgrades. 

Mine are in "quality" areas that attract "quality" tenants.