It was all about millennials and their needs for amenities, combined with affordability compared to NYC and Hoboken/JC. 

It is roughly the same size as the DFW location so will be are most comparable office.Thanks,

could be equity upside but ease of management compared to A class anything  NO WAY  as David said management of strung out SFR's is dog tough

@Vy Mai, do you find that your property is significantly overpriced compared to others in the area?  

It's especially helpful in such a nuanced market like Hudson County where the numbers vary so greatly compared to other areas.Given the proposed timeline, this sounds like it's a short sale situation.

Because the comparable aren't nearly as updated as mines. 

Hi Ben,When I get this response to our offer, I pull out the comparables and start reviewing a few with the listing agent, and try to get a feel for where they are headed with their price, and what comparables they are using to arrive at that conclusion.

Instead of looking to comps with recently sold properties look to comparable rentals (bed/Bath) and what they make in rent.

Also, I read in a discussion that was in Jan 2019 you said that doing lease option assignments is not easy in SoCal due to FMV compared to market rent. 

I am going to play devils advocate on your thought process of cheaper money compared to local HML.Crowd funding will make a little dent.. but its very very hard to take customers away from their existing lenders.