It appears this has been answered; however, I too am an LP investor in numerous syndications.

It shows that there are numerous apartments built just for college students, so I’m wondering if students would prefer renting from them or having their own house per say

@Tracie VanHi Tracie,Well, the way I see it the carpet seems to have been (numerically) at the end of its service life (all used up) for getting market rent from the unit (for a reasonable length of time with a new tenant).Since the guy is in now ill and in the old folks home he probably wouldn't be able to fight you in court on the charge but service life seems to be the issue here not the emotions of the situation.The carpet should have been in your CAPEX savings (cost to replace grossed up to the new cost at the end of service life).It's a regular semi-predictable expense in this business.

A lot of investors try to focus on a specific property type, CAP rate, or price first but then are surprised to find financing wont work out for a variety of reasons. 

I suspect the volume of deals that numerically make sense will continue to grow, if the market continues to cool.Joe

I will adjust my site plan and renderings numerous times to accommodate the demand for the market2. how long will it take? 

I purchase data and market directly to seller in a variety of ways.

You can purchase a wide variety of styles in the glue down version — even a textured wood plank which is very popular today in home design.

After a few months of research and listening to numerous podcasts, I “drove for dollars” yesterday .

After a few months of research and listening to numerous podcasts, I “drove for dollars” yesterday .