Quote from @Naqi Taylor: For those actively syndicating or allocating into stabilized commercial assets — how much weight do you put on NOI durability versus headline upside?

I have rented whole houses here in Brooklyn since 2008 so I prefer to go for a multi-family (2-3) as I have no problems with maintenance/upkeep, dealing with tenants , etc.  

Why pay a premium if they aren't holding their weight.

It’s efficient, scalable, and keeps our properties in top condition, which means happier guests and better reviews.If you’re managing multiple STRs or want to feel less stressed about upkeep, this system has been a game changer for us.

Keep in mind that not all rehab items have equal weight.  

When each additional property adds less mental and operational weight, scale becomes boring, and boring scales well.

How are you weighting 'Structural Friction' against the risk of neighborhood transience?

It’s about moving from descriptive data (what is) to predictive trajectory (what will be).How are you weighting rent affordability against the risk of neighborhood transience?

I then set annualized KPIs for him with weight on different criteria I care (maintenance & repair cost %, vacancy rate, late payment, extraordinary spending, etc - weighted differently based on what I cared most).

Maintenance and upkeep can kill cash flow.