These were cheap units at the bottom of the market for a long time and treated as such, but times have changed. 

Are you happy with the regular base algorithm, or do you make a lot of adjustments and changes?

.• 3-year business plan goals achieved in under 12 months• Listed for sale at 2026 projected price of $1.875M• Accepted $1.825M cash offer from 1031 exchange buyer• Closed sale in Oct. 2023 to secure long-term capital gains• New Sales Record Set: $228K per unit sale price, the highest ever in Bridgeport CThttps://westfaironline.com/real-estate/bridgeport-mixed-use-property-breaks-record-for-price-per-unit-sale/ Lessons learned?

The first house I ever bought came with a 18% loan, gulp....I agree that if rates drop even slightly, the market will go crazy.....there has been a year or more of a 'slow market' and scared buyers and sellers.

If you ever need anything or have questions, feel free to reach out.

@John Fider - Did you ever receive anything in response to this?

The cheapest lender may be the cheapest for a reason and change terms down the road or have difficulties getting you to the closing table  

Less revenue swings with residential and less impact, than with commercial customer change overs. 

@Johnny Wolff Would say it depends on the city.We used to manage a property in Royal Oak, Michigan under the same "roommate" concept as you.

If the building ever gets a $25 summons ticket from Sanitation (it happened once) we then bill it to the tenants in equal share. (1/3 each for a 3 family) and send a sternly-worded email.Re: Legal obligations - I know of no "legal" obligations to curb the trash on behalf of the Tenants that would supercede what was specifically agreed to in the Lease.