Do not treat the whole town as one rent and risk profile.Underwrite taxes and refi appraisals conservatively, Cook County taxes and conservative appraisals in certain pockets are what break BRRRR here.

Here is a book reference that may be interesting to you:Lifeonaire by Steven cook and Shaun Mccloskey

Very inefficient and leads to a lot of deal fails given all teh different cooks in the kitchen.

Cause of Fire was listed as Cooking.

If you don’t cook, would  you spend money learning how to boil a pot of water on a stove?

One way I’d frame it is durability of NOI vs upside narrative.In Cook County, I assume taxes will go up on both — the real question is which asset can absorb that increase without compressing DSCR or forcing rent assumptions.Newer construction in emerging areas can look great on paper, but added supply and reassessment often hit around the same time.

Parents want to be able to keep an eye on their kids while they're cooking and cleaning as well. 

I did go over and inspect that, and one of the moms was there explaining how she was cooking a cup of soup, then the microwave started smoking and making noises. 

Was it a cook house or a smoke house?

It's especially shocking when there are 4-5 hands in the pot and they all want 2 points each.