That 45% was across about 8 properties that have gone full cycle and sold. 

Permitting is taking at least twice as long as before the pandemic.Expired permits with multiple code changes cycle are very challenging to overcome

Hi BP Fourms folks,Our tenant just informed us that the washer in their unit is "making a squeaking noise during the wash/agitation cycle and when spinning, it is rocking loudly.

I got out because I had a family and my PCS cycle was going to have me move every 24 months for another 12 years before I hit retirement.

It’s jist the best of a bunch of crappy deals out there   The definition of "value add" has changed since I started in this business in 2011, all because of where we are in the market cycle.  

My point is you hold through the depreciation cycle by not being over leveraged and odds are very good that the prices will recover.

My strategy is typically value add, but it changes as the market cycle changes. 

If it does not then you have to wait for the next cycle of your rental agreement (lease renewal or month to month reset date) and then add the charges. 

It's a vicious cycle. 

By now I have cycled through several dozen tenants and not a single tenant cared about the color of the appliances - in fact, my experience is that tenants appreciate easy-care appliances, and there's nothing more easy care than white.