I not sure about furnishing and what price i should set each room at. not to mention I'm happy i bought my home in union, NJ because its a heavy commuter area for people that travel back and forth from New York for work. which is a good thing because I don't have a shortage of clientele but at the same time i get caught in the cycle of what customer base do i want to mainly market too.

Tankless units hate inconsistent, on/off demandYour exact use-case, slop sink, occasional washups, random tenant usage, is where electric tankless performs the worst:Rapid cycling burns out the heating elementsSlop sinks often have low flow, and tankless units won’t even turn on under ~0.5–0.7 GPMFlow rate varies a lot with industrial faucets, and tenants twist knobs fastYou end up with “lukewarm water” complaints or units that won’t fire consistently.3.

This means more make-readies, leasing cycles, and oversight.2.

Poverty is viscious cycle.

A Fix n Flip deal that has a 100k entry point with a 75k rehab may cost 40k - 50 through the deal cycle.   

But my favorite sponsors aren't from here.I'm a conservative investor, so when I invest in multi-family I prefer sponsors that have at least one full real-estate cycle of experience, little to no money lost, low leverage, and high skin in the game.And there is a multi-family operator that has multiple real estate cycles of experience (decades) and it's track record claims no money lost in that time.

I was cycling up a hill in foreign country.

Here’s how I’d think about it as someone who owns multiple multis across Chicago and watches taxes/neighborhood cycles pretty closely:Woodlawn (Option 1):You’re absolutely right about competition.

That is your baseline.Build a cushion into your numbers: (1) If the area reassesses on sale: use purchase price x tax rate, (2) If the area reassesses in cycles: assume a 15-25%  jump at the next reassessment. (3) If the school district constantly passes new funding measures, add another 10% buffer.And yes, pay attention to local ballot measures.

I tend to get caught in that cycle a lot.