My Concern This feels like a developing behavioral pattern: Failure to meet initial financial obligation (security deposit)Repeated late rentNon-payment of late feesVerbal assurances without performance From a risk management standpoint, this seems like: Cash flow instabilityHigh likelihood of future delinquencyPotential prolonged eviction exposure if allowed to continue Options I’m Considering Serve a final Notice to Cure / Demand for Payment requiring:Full security depositAll unpaid rentAll late fees…with a strict deadline before filing dispossessory. 

The percentage of bonus depends on the year of purchase and occupancy The 27.5 or 39 year property continues to depreciate over the life of the 27.5-year (residential) or 39-year (commercial and STR) properties. 

They purchased the cabin as a long-term play, fully realizing they will be in the red for the first few years. 

Don't care.What's sad is this thread is a snapshot of what BP has become, and why I continue to frequent it less than ever before.  

In the end, generally it's class C acquisitions and management with all it's goodness, like any game it needs to be learned how to play it successfully and no, section 8 is not the solution, I only have about 10, rest are cash paying.

We played hockey while studying at MSOE, so we have a great relationship with the school and coaching staff.

Eventually, landlords who can't sell at pre-cap valuations and can't justify continued operating losses keep units vacant or let properties deteriorate.New construction stops — because developers don't build into a market where the ceiling is fixed before the project cash flows.Supply shrinks — because the vacancy that does occur isn't re-entered at market rate.Rents for new entrants rise — because the supply of available units decreases while demand remains constant.The policy designed to protect working families from displacement ends up accelerating gentrification on a 5-to-10-year delay.

And continue to buy up properties in the area or out of state.

I’ve had searches set up for quite some time (I’m also a realtor) and I’ve been actively prospecting the specific neighborhoods I want to be in, but I’m coming up empty.Because of this, I’m curious to hear opinions on an alternative strategy: buying a single-family home or townhome in my target area, living in it for 1–2 years, then renting it out while continuing to look for a multifamily property.

We have seen this exact pattern play out in other regulated short term rental markets, and Austin is not immune to basic supply and demand mechanics.