We were slowed by some supply chain issues, weather, and Covid-19 delays.

The Code requires: a) height between 34 and 38 inches, b) 4" max space between balusters, c) tread = 10", d) 50lbs per ft live load resistance.

As long as you have reserves in place to weather the vacancies while you turn over the units you have a solid value add opportunity and this type of seller sounds like the exact type of owner a value-add investor would be looking for!

Unlike residential property we can hold it for a long time to weather the market but with investment property it seems there are less keeping long term.

Weather stripping around doors for example or changing showers to lower flow shower heads.

@Jordan Little first off why do you not have an attorney, always and I say always in any type of business weather realestate or scrubbing toilets you should always have an attorney on speed dial, 2nd wait till someone chimes in, I'd prob say your insurance company would handle it but I cant say for sure

I suspect as the weather warms and rates stabilize or even drop we could see a mini 'market boom.'

Specifically, 5-10 ac tracts, not lots, and improving them aesthetically, put in an all weather road to the primo home site, bring water to the homesite, power to the home site, etc.

People head to the beach in just about any kind of weather here.

These are the kinds of markets and neighborhoods that will weather a downturn, but they are also the kind of markets that you will get steered away from by only listening to the siren's call of cash flow and ignoring everything else.Markets and neighborhoods that have high cash flow day 1 are priced that way for a reason ... renters in these neighborhoods rent there not because it is a nice place to live, not because they want to, but by and large do it because they have to, because they can't afford to live anywhere else.