Markets are unpredictable in the short term, but historically, they trend upward over time.

My STR market was behaving so unpredictably earlier this year that I decided to just rent our STR mid term for the calendar year.

It’s a city with a lot of history and potential, but things can move slow, and the market can be unpredictable.

Quote from @Carlos Ptriawan: btw to summarise, from the point of view of bridge lenders that issue "capital call" to multifamily it seems they are very well positioned financially to handle this multifamily downfall, this is not unpredictable but rather already assume by the fund manager , so, through active management the (institutional) investors into CLO seems would NOT see losses.

It isn't doing "SubTo's" that is illegal, it's how they are done and how they are treated and what your assumptions are and what your unpredictable seller does.Attorneys love these kinds of fights.

And when it comes to your due diligence, how do you ensure you’re accounting for unpredictable rehab costs or market shifts?

If ease and cash flow are your top priorities, sticking with condos could work—but your concern about HOA unpredictability and limited appreciation is valid.

If you are underwriting this deal without these in mind, you are walking a dangerous path, as one major repair may cause your calculations to spiral.(3) Unpredictable Future Who's to say this renter stays here for a prolonged period?

While we all know that tenants can at times be unpredictable, it is arguably one of the jobs of the PM to have adequate vetting procedures aimed at finding ideal tenants and mitigating the amount of turnover and "problem tenants".

Your plan is creative and could work, but building can be unpredictable—permits, utilities, and construction costs can eat into your budget and timeline.