As you will notice it confirms some of the observations from @Jaron Walling.

For upscale properties with 3 bedrooms and 2 bathrooms, we are observing: - An average occupancy of 65%, with seasonal peaks between January and April - Average annualized daily rates of about $450 per night, similar to last year - Consequently, the top performers are generating around $110K in gross annual revenue - Average listing price of for-sale properties: $800K - Rough Rent-to-Price Ratio (RTP): 14%, which is good but not great.

What I observed in this post made me feel curious coz they were great to work with.

That’s a sharp observation and a good topic to bring up, Andy.

CAGR MLP is compound annual growth rate of the median listing price (appreciation)... 4BedCashFlowMonthlyLatest is using the realtor.com median listing price and the Housing and Urban Development "Fair Market Rent" (40-50% of observed rents) for a 4 bedroom living unit.

One additional observation to note is that the notice I discovered through the housing portal was only just delivered by mail on Monday 10/27.

From what I've seen, you're indeed at risk of veil piercing if you do not observe some basic principles with the LLC (e.g. need to file annual report and pay fees, not mix up personal vs. business funds, etc.).

I did my due diligence to make sure there were no liens and based on my observations months after the property became vacant, I felt the risk of redemption was low.After the auction, the estate of the deceased borrower opened probate.

It's something I am observing more and more but a ton of investors are completing half-baked renovations without upgrading failing systems with one thing on their mind: 100% recapitalization on a refinance.

Hey @Chase Calhoun, I have always thought these kinds of questions/observations interesting.What makes a 'prime market' or a 'top tier property'?