The trade off that republicans made were to extend business benefits mainly R&D expensing and bonus depreciation. 

There has never been a lack of work in this industry, and I have made tremendous connections in my career.

You will often find that modulars use similar finishings across designs but even excepting custom finishings the savings due to bulk purchases of wood and drywall etc leads to lower costs.Then you have labor.

I'm working with some colleagues to tell the story of how real estate and multifamily syndications didn't work out as advertised for many investments made during 2021 and the first half of 2022, before interest rates took off.

Needs TLC What made you interested in investing in this type of deal?

Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate a higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property for standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.

I.e. if syndicator is putting in a million dollars, buying a $75mm asset, and charging a 2% acquisition fee, this syndicator has exactly $0 of real exposure to the deal and has already made $500k net of their "investment".  

Any chance the bar is on an end that could be made into a drive-through?  

What made you interested in investing in this type of deal?

We have made some offers, pulled out of 2-3 due to unethical reasons with realtor/seller, lost some offers, and now hopefully, a closing at the end of the month in Murray Hill.