What most people are missing is rather obvious - DEMAND will disappear at some point, and then inventory grows, and prices drop.

When buying MF, you are buying the tenants.The price just dropped 10 grand for pain and suffering.

God literally dropped this one in our lap.

If not, then I may consider starting one myself - if you're interested, simply drop a message below and I'll follow up once things materialize. 

I think agents also have their whys, and my idea for an investment lot didn't resonate with her, so she dropped me.

Make it pet friendly if possible, and drop your rate a a few dollars a twice a week.

Second, there is a significant drop off on the edges (4-5"), and our handyman's differential (of his Tundra!) 

If their problem is not solvable, it goes to the bank, and if it's easily solved by dropping it on the market and paying a Realtor to solve their problem (and they can afford the time that takes) then they never meet you either. 

If you want to be conservative, I would drop that Note number in half for 2023 and adjust accordingly for the future. 

You are helping them market their business and close more sales while at the same time giving yourself the opportunity to have a low monthly payment on renovations as opposed to dropping $50k in cash.