However, experts predict that rent growth will pick up in the coming months due to increasing demand as the pandemic situation improves and more people return to cities.The national average multifamily rent held steady at $1,702 in February, unchanged from the previous month, according to the latest Matrix Multifamily National Report from Yardi Matrix.

Expect/demand a discount and if they don't go along, just walk....plenty of houses in SD, IIRC...

CA rents are high and in high demand as their is a huge housing shortage that will not be going away anytime in the foreseeable future. 

Or, it could be a solid property in a great area that always rents and could demand a higher cash flow.

Also, I think you hit the nail on the head with your advice to find what type of demand a market has to better determine strategy, your target market, and the most suitable types of units for your portfolio.

Especially given that I expect to hold this property long term and am in an area with solid demand. As

I think the zoning regulation (upzoning) would help with reducing housing costs (increase supply to offset demand). As

If the Board meets monthly, I would demand a seat at the table to show them evidence of the problem and demand a permanent solution.

@Jim HenryThe great thing about partnerships is that you can agree to whatever profit/loss percentage you want.It also depends on the experience level for each person.The person "who does all the work" if he/shes been doing it for years, then he/she can demand a higher split.

Markets like Orlando and Daytona have tourism which demands a lot of blue collar housing as well as colleges which demand a lot of student housing.