This looks like a competitive marketplace, but I see a group of senior citizens walking a steady pace on the same safe trail, carrying the same size backpacks.
Different logos. Same trail. Same pace. Same load.
When...

Great PMs are proactive and do their best to prevent leaks.They staff onsite during freeze events.They are proactive about checking vacant units, turning on heat, opening cabinet doors, dripping faucets.They are proactive about protecting outdoor/exposed fire suppression systems.They actively education residents about freezes and how to prevent them...Email blasts, signs, flyers, etc.We've had IOT leak detection for probably 15 years or more, so that is not a new or novel idea. 

These fees act to suppress the rents, because the grand total still needs to be something palatable to Joe Sixpack.

.🏭 Industrial Asset Examples:Heavy & General Industrial FacilitiesManufacturing plants with production lines, cranes, and heavy power requirementsDistribution hubs serving regional or national supply chainsCold storage or food-grade industrial facilitiesIndustrial campuses with multiple buildings and shared infrastructureRail-served or port-adjacent industrial propertiesValue Creation Examples:Reconfiguring floor layouts for production efficiencyPower upgrades (3-phase, heavy amperage)Dock door additions or conversionsYard expansion and truck circulation improvements🏗 Flex Property Examples:Hybrid Office / Industrial AssetsFlex parks with front-office showroom and rear warehouse spaceTech-enabled flex buildings for R&D or engineering firmsContractor flex spaces (plumbing, HVAC, electrical firms)Medical or lab-adjacent flex facilities:Business parks with divisible flex suitesValue Creation Examples:Converting excess office to warehouse or vice versaImproving curb appeal for higher-quality tenantsRepositioning flex from owner-user to investment productUpgrading loading access or clear heights⚙️ Light Manufacturing Examples:Low-Impact Manufacturing & AssemblyAssembly plants (electronics, medical devices, packaging)Food processing or bottling facilitiesPrinting, plastics, or fabrication shopsApparel or product assembly centersSmall-batch production facilitiesValue Creation Examples:Layout optimization for workflow efficiencyUtility coordination (gas, water, compressed air)Compliance upgrades (ADA, OSHA, food-grade finishes)Expansion planning for future growth🚚 Warehouse & Distribution Examples:Storage & Logistics FacilitiesLast-mile delivery warehousesRegional distribution centersE-commerce fulfillment facilitiesBulk storage and racked warehousesMulti-tenant warehouse parksValue Creation Examples:Dock-high vs grade-level conversionsClear height increases or racking optimizationTruck court and trailer storage improvementsLighting, flooring, and fire suppression upgrades🏢 Business Center / Multi-Tenant Industrial Examples:Small-bay industrial parksContractor and service-oriented industrial centersMixed flex-industrial business campusesOwner-user industrial condo developmentsValue Creation Examples:Tenant mix optimizationOperating expense reduction through vendor renegotiationCapital improvement planning tied to lease renewalsRepositioning older assets to modern industrial standards

Witnessing other veterans rise instead of being buried in YEARS of suppressed emotion and feeling is always a blessing.Congratulations on Summit Legacy - we're stoked to experience your journey with you - even in the distance - even in the unseen.

I can't speak to your market specifically but inventory where I'm at is suppressed which means prices will go up. 

This typically suppresses long-term appreciation and rent growth for older homes, as buyers and renters prefer newer construction.Does Fargo Support Long-Term Financial Independence?

Property overview (high level): Stand-alone commercial buildingLarger and more functional interior layout than the prior locationFully built-out commercial kitchen (hood, suppression, bar, etc.)Adjacent outdoor patio space already set up for dining (big upside)Comes with all FF&E includedNo residential component — pure commercial use  Deal structure (seller carry): Purchase price written at $1.2M~$1.0M attributed to real estate~$200k attributed to FF&E (included in the sale) Seller financing on $900kBuyer cash in at closing: ~$275kInterest-only period initially (no balloon language currently in the contract)Target hold: 5 years, then refinance into a 25-year commercial loan  Business context: The restaurant historically did ~$950k/year in revenueWe are owner-operatorsConservative projections show the business can remain profitable even with slower $1k days mixed inGoal is consistency, margin cleanup, and NOI growth — not aggressive expansion  What I’m hoping to get feedback on: Does this structure make sense from a commercial real estate perspective?

If someone has to be so aggressive in managing their negative reviews/reputation online, and suppressing other people's speech...very bad sign.Finally, some of my current clients are "refugees" from Karim' program.

Home prices were still suppressed or stagnant.