The market shows some softness, but remains moderately competitive.

Starting with a new set of plans every time is going to certainly increase soft costs for sure.

Teams running too many projects simultaneously are taking longer to execute, which turns into soft costs and carry drag.

I’ve also seen tenants get taken advantage of by landlords who didn’t think the rules applied to them.Smart property management isn’t about being aggressive or soft—it’s about being legal, consistent, and fair.

Since you have bought a foreclosure before, at least you have experience with the liens and the process, but you won't get a final tally of the liens unless you can get your title company to run soft title search for these things in advance.Closing on a foreclosure anywhere in Brooklyn seems like a nightmare to me from an operational end.

The margin is too thin for condo conversion as you're not accounting for sales and other soft costs.

The answer is never: a cash flow property in the hood.That does not mean CoC is irrelevant, I'm just a fan of a balanced approach that includes also other financial metrics and soft considerations like neighborhood desirability.

If you want to branch out, soft tones like accessible beige can still work well, especially with natural hardwoods, as long as it keeps the space feeling bright and clean.On design, I try not to get too deep in the weeds - I’ll pick a handful of go-to finishes and fixtures that work across multiple projects.

In  addition, any costs incurred before the property was placed into service (hard and soft costs) should be capitalized and the cost recovered over time. as for holding a bank account, separately for capex, it may be overkill.

There is literally less oceanfront...but it is softly driving demand in areas unaffected by that type of risk.