I am guessing it would be that it is a very profitable asset type with low maintenance, no plumbing, HVAC and minimal electric.

During the turnover and lease-up, I’d plan to be there more and then it should really be minimal on a go-forward basis.

We're all expecting more guidance it's just really hard to make decisions now when so minimal information is available. 

The bank will want their $4M back and the seller will try to minimize their own losses... 

A bit more money upfront, but this will minimize your monthly expenses.

However, I think it helps bring in quality tenants and minimizes turnover.

In Summary:-The Easiest Route (minimal effort required on your end) is to go with a syndicate fund.

As an operator you might choose to optimize for getting the max market rent (thus minimizing LtL) but that could result in it taking longer for you to fill a unit (thus increasing physical vacancy).

The people making requests all have: - NO profile pics- ALL are local from Philly- ALL profiles are minimally verified - All requests are for ~2 days on random dates this and next month- Almost no one has any reviews- No request really has a solid/detailed message stating their purpose for booking It almost feels like they are fake accounts compared to all the successful bookings I've had the entire time before the lock-down.

Learning about the seasoning period for a true refinance was a tough pill to swallow.