Having been through many different investing strategies and cycles over the years, I’ve found that adapting structure and staying disciplined with underwriting allows you to keep moving forward, even as conditions change.

Some buyers overlook multi-family homes or properties that can be adapted for co-living arrangements.

Multifamily, industrial, and retail continue to demonstrate strong fundamentals, while office markets are beginning to recover in key cities—particularly for high-quality, amenity-rich properties.While economic uncertainty and geopolitical factors remain part of the landscape, capital is returning, tenants are adapting, and investors are finding new opportunities across sectors.

This is what they're looking for.Resources:I put together a full guide on this if anyone wants to dig deeper:📊 Revenue-Generating WiFi & Ancillary Income Guide: https://gamma.app/docs/Guide-to-Revenue-Generating-Fiber-Backed-WiFi-Ancillary-Income-qojuk1ee9lbabbqCovers: • The three-tier ancillary income model • Owner-owned billing options (RUBS, baked-in, free amenity) • Installation timelines and costs • Exit strategy optimization • Case studies with real numbers • Vendor selection criteriaIndustry Sources Referenced: • MAA Q4 2024 Earnings Call: https://www.insidermonkey.com/blog/mid-america-apartment-communities-inc-nysemaa-q4-2024-earnings-call-transcript-1445988 • IREM 2024 Global Summit: https://www.multihousingnews.com/irem-2024-special-report-adapting-to-change-and-driving-revenueDiscussion Questions:For operators in this forum:What's your current ancillary income as % of total revenue?

These changes may lead to greater emphasis on adjustable-rate mortgages and non-QM lending as lenders adapt to evolving regulatory priorities; particularly when combined with a steeper yield curve and increasing bank and insurance portfolio demand.Structural Market Trends: Affordability, Inventory, and Non-QM GrowthAffordability challenges will persist despite easing inflation, with Core PCE projected at 2.3% to 2.6%.

Adaptive Reuse Becomes a Core Investment StrategyOne of the most transformative trends of 2025 was the explosion of adaptive reuse projects, especially office-to-residential conversions.70,700 apartment units were delivered from former office buildings — a record and nearly triple 2022 levelsRoughly 25,000 total apartments were created through adaptive reuse in 2025Conversions included former hotels, schools, warehouses, and industrial assetsPerhaps most telling office conversions now represent 42% of all future adaptive reuse projects in the pipeline.

That lines up with the “slow BRRRR” trend, holding longer, focusing on strong cash flow, and being patient on refis instead of trying to rip all your cash out in six months.​Key adjustments successful BRRRR investors are making this year:Underwriting refis at conservative rates and ARVs rather than best‑case scenarios.Over‑budgeting for rehab as construction and labor costs stay elevated.Targeting submarkets with durable rental demand instead of chasing only appreciation.​Curious how others are adapting their BRRRR criteria in 2025—are you tightening your buy box, stretching timelines (“slow BRRRR”), or pivoting to more straightforward buy‑and‑hold?

Life has required us to adapt before, and it likely will again.

Love hearing how you're adapting the numbers game to work even harder for you

Then gather some partners to do a small boutique hotel/adaptive reuse project.