one thing I find in our markets is the larger multi family new developments just don't pop up one day.they are 3 to 4 years in the making and its a little like stopping a cruise ship once it gets going .so what we are working on today in planning and permitting we wont built for another 2 years or so.whats coming on line today folks bought and started in 2015 and 2016.. so that can lead to over supply for sure in the rental realm. 

Thanks for sharingThe repairs and maintenance line item i would assume you would have that if you had long term tenants too.

I am in the business of real estate investment funding and business lines of credit. 

It lists the line of credit, are they referring to a heloc on the property?

Remember credit lines are your friend and cash should be turned into more assets and not just sit around. 

There are two three bed units and one two bed.

Maybe there's a silver lining though... if people are trying to get out then there may be some motivated sellers out there.

@Sam Shueh ok, so you are suggesting that I focus more on the similarities of the materials (or upgrades) in the interior versus the bed/bath, square footage data?

Assuming permit ready doesn't mean approved, you'd need to look at that timeline and then construction time line.... big projects take time to come on line.

I would definitely tell them that the second room is unusable as a “bedroom” because they have chosen to put the washer and dryer in there.I’d say something along the lines of, if you put the washer and dryer back (wherever it’s really supposed to go) and turn the room back into a practical bedroom then I will offer “X” amount of dollars.