At least in our primary market (Tampa) I think 2023 created a purge of subpar listings and subpar owner's (get rich quick types) and now has created an environment where the good survive and the best thrive and the rest have died. 

It will be important in the long run.Otherwise, the differences will be along the lines of types of loans.

I know it’s a crap shoot for the type of management you’ll be getting when you buy a building and there’s no way to know if a smaller or bigger building will be better.

Like Bjorn said, there are a lot of overpriced properties currently so value add projects have been more popular in the current market as you can get in much cheaper and create value. 

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

What type of advantage are you looking for?

Any BP’ers have experience with this type of situation?

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

There are two types of investors here: 1.

I would agree if you are funding a vacation but if what you are doing is making a change from one type of investment to another to improve your income, make the best decision based on the numbers.