If you're going to put in the effort, get the most bang.  1. 

I assume my heat bills in the winter will be outrageous until they are replaced.I don't expect a profit in the first 2 years based on the amount of cap expenses  (electrical & windows being the biggest). 

Most lenders have tightened slightly on LTV (typically capping around 70–75%) and want to see a clear reinvestment or portfolio growth plan — which it sounds like you already have in mind.Using a short-term bridge for your new acquisitions, then rolling your existing property into a DSCR refi for liquidity, is a smart sequencing move.

Also, Indianapolis has been paying 20% above the Fair Market value of rents with no Cap on rent increases,  which is a big bonus!!

Hey BP Community, quick question for the lenders/operators deep in student housing:I’m underwriting a deal where the OM shows Operating Expenses at 28% of EGI.Looks amazing on paper.Great cap rate.

I’m also being more conservative with underwriting, paying close attention to cap rates, cash-on-cash returns, and potential long-term maintenance.

Current U.S. standards cap qualified loans at 30 years, so extending terms to 50 years would need legislative changes and new compliance frameworks.

For 2024, the allowable increase was capped at 10%.

Maybe edit the title of this post to attract local agents.And maybe try out the deal calculators on this platform, I believe you can analyze 3 deals for free -you didn't provide any numbers here for us to really chime in.It doesn't sound like this is your first cruise so I'm assuming you have a team assembled and cash reserves in place to cover vacancy/cap x, and repairs etc..I wouldn't kill myself to find a cash flowing deal at the moment - those are challenging right now, but I would more so strive for something that allows you to break even.

Fixed or capped floating exposure, staggered maturities, and enough liquidity to sleep well.What to avoid• Chasing a high cap rate in weak submarkets.