I think that '25 will be a transition year ("end the dive in '25") for the reasons you stated--construction will fall off in Q2-3 but demand will remain...that sparks rent growth.Interest rates:  Yes, flat to up. 

- The inspectors aren't stupid and will see that everything is brand new and then research for permits.Also can't think how you can make this profitable.

This deal highlights the power of well-executed renovations and a strong partnership in achieving impressive profits.

Why'd you sell if it's so profitable?

If you buy it too low, in some jurisdictions they will call it "equity skimming" which is illegal.It can be very profitable, I've done many, but you really need to know what you are doing. 

Theoretically, they split any profit.

The combination that this niche offers first-class care to those that need it most and the potential for it to become profitable for many years to come definitely has me interested in learning more about opportunities investing in RAL.We are renting in our current assignment, but we will PCS in about a year and a half.

I separated from the military in 2021 with full disability benefits, a transition that fundamentally changed my outlook on life.

But again, your profit after selling costs (and any capex improvements) would have to be in excess of $60ok to really make sense.

While these deals were successful, I realized that the cost of using hard money significantly ate into my profits.