Do you think my numbers are realistic and will I be able to find a property in the Bay Area that fits my buy box?

Great question, Victoria.What I’m seeing play out most consistently right now is DSCR becoming the default lane, not because it’s trendy, but because it fits where the market actually is.Cash-flow coverage, realistic insurance numbers, and clean exits are getting deals done faster than income-heavy or overly structured loans.

With a solid entry price and room to improve the home’s appeal, it fit well within a renovation strategy aimed at repositioning properties for resale.How did you find this deal and how did you negotiate it?

I investigated about 5 different systems and Innago was the first I came across that fit my need. 

It shows I’ve thought it through from both a construction and investment angle, which usually makes lenders a lot more comfortable approving the deal. 

Our role as a property manager is to:1) Put the right people in the units; Meaning well-qualified applicants who have stable income/employment, positive rental, credit, eviction, and criminal records, and are a good fit for the property, while staying within the scope of fair housing laws. 2) Minimize vacancy and turnover3) Maximize rent and rent collections (and provide the tech to make this painless and easy for tenants and owners)4) Maintain the property and curb appeal (and provide the tech and staff to make maintenance responsive and relatively painless). 

Another angle is a short term bridge or rehab loan from a local bank (not hard money) that converts to a permanent loan after repairs. 

Lately I’ve been spending a lot of time studying campgrounds and outdoor hospitality as an asset class, and the more I dig in, the more I realize it doesn’t fit neatly into the “pure real estate” or “pure business” box.It’s definitely operational up front.

Portfolio execution can absolutely work here, but it’s very detail-dependent, especially when it’s stepping in midstream on a construction deal.A few things would matter right away:• current as-is and projected stabilized value• remaining construction scope and budget• in-place debt and timeline pressure• whether this needs to close as a true portfolio hold or a bridge-to-permIf you’re comfortable sharing high-level numbers, happy to sanity check whether this is something that actually fits today’s portfolio appetite versus burning time.

The plumbing that was done for the suite is completely wrong, used undersized pvc for the toilet, incorrect fittings, etc.