Occupancy rates remained robust at 74.1%, outperforming the national average by 0.9 percentage points.Asking and Effective Rent (ADR and RevPAR)ADR for all tiers is projected to grow steadily over the next few years:- 2024: $193- 2025: $197- 2026: $200- 2027: $204- 2028: $209RevPAR is also expected to show consistent growth:- 2024: $155- 2025: $160- 2026: $163- 2027: $166- 2028: $169Upper-tier properties command a significant premium, with ADR forecast to be $233 in 2024, compared to $122 for lower-tier properties.

Most important is getting a RE knowledgeable CPA who knows to outsource the calculation-intensive work involved in a quality engineering-based cost segregation study.  

If you don't know what you're looking at, have a competent contractor or even better a competent structural engineer take a look at it for you. 

I'm eager to network with fellow investors both locally and beyond, and I'm ready to grow my real estate portfolio with the support of the BiggerPockets community.When I’m not delving into real estate, I work as a Cloud Engineer at Lockheed Martin, fully embracing my IT roots.

@Neil Narayan   it will be interesting to see how many space engineers and rocket scientist will move from Hawthorn to Boca Chica which is nowhere near Austin. 

I'm currently helping an E5 engineer with a house hack in the college area out here in San Diego. 

Those types of syndications (such as Cardone) are typically very aggressively underwritten (meaning higher execution risk), have sponsors who don't have full real estate cycle experience (meaning higher sponsor risk), have higher leverage ( meaning higher risk of default or suspended distributions), use floating rate loans ( meaning higher interest rate risk), have short-term debt ( meaning higher refinance risk), use financial engineering (meaning higher risk of missing the pro forma), lack signficant (or any) skin in the game (meaning higher risk of lack of alignment with conservative investors ). etc.And it's 100% true that most of these are struggling now.

Look for strong economic and population growth with a robust and diverse employment base.Next, you should identify neighborhoods and locations which fit your investments criteria.

Utilities, site upgrades, engineering?

The successful sale at $319,000 underscored the value of strategic planning, effective management, and robust partnerships in achieving high profitability in real estate investments.