Love the "stack" method. 

@Stuart Udis sounds like you have experience with the BRRRR Method! 

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.

Quote from @Amritpreet Singh: Anybody know a lender who do the Morby method/stacking?

I’ve been learning through YouTube, podcasts, and forums (including BP), but I’m finding that while there’s a ton of information, it’s not in a structure that I personally need to learn methodically. 

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.

We have 3 color-schemes, that we can adapt to most existing schemes.Same goes for flooring: we try to save hardwood whenver possible, otherwise LVP, last carpet. 

Volume down 11% QoQ, but Midwest/South flippers hitting 30%+ ROI on undervalued + tight scopes.​Flippers adapting successfully:Buying 20-30% below marketOver-budgeting rehab 15-20%Shorter timelines, smaller scopesHow are you adjusting buy boxes/timelines in this environment?

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%.

Do you line things up in advance or adapt deal by deal?