Learning from this data, negative MoM real estate private investment occurred for FOUR QUARTERS dating from Q3 2008 , it's all negative until Q4 2009.In this 2022/2023 downturn cycle, we started the negative performance on CRE on the 4th quarter, so if cycle repeats the same, at very least we have to wait for another two quarter data to see the improvement if any.Learning from 2008 experience, the CRE is stabilizing only *after* Fed reduced the FFR, I dont think it's a coincidence that bond market started expecting Fed to decrease rate by April 2024 next year.

Originally posted by @Adam D Rinehart:@Will Gaston I’m glad to hear you “over improve” your student rentals as well.

Recognizing the potential in properties with minimal improvement needs allowed us to streamline this process.

Think about how you can make these properties better for the next person to live in, whether through repairs, renovations, or improving the management.

Will you be improving the units over time?

That's a low-return improvement, compared to say new bathrooms/kitchens.IMHO, if you expect to increase your net through rental and market appreciation, consider the length of time it will take to realize that goal—many years. 

@Natali CobbIn-unit laundry in duplexes can attract tenants, increase rent, and improve retention.

You would have to improve the property (dramatically) at great expense to actual meet that definition and use it as a townhomes.

While my insurance charges are relatively low each year given this is a condo, I learned to better assess who is behind budget planning at the HOA level for all of the units for roof, cleaning costs, basement improvements (shared by all units), given this was run well by one individual.

Are you doing any capital improvements to the park?