I mean, obviously still okay, but do you have any examples like that?

Yeah, totally.

I'll give you an example, [clears throat] excuse me, of a, a apartment deal we passed on recently that, you know, within five minutes of looking through the deck, we just threw it out and we're like, "Whoa, run away." [chuckles] So I don't remember the exact number of units or where it was located, honestly, but it was in the, um, in the Sun Belt region.

It was an acquisition, you know, over 90% occupied at the time of purchase.

But some of the red flags for us, they had a 4% acquisition fee, which was, you know, 1, 2% is normal.

Double that is a lot.

7.5% construction management fee, and it was unknown...

We should, we should go to the next step with this, and we should have a conversation with the operator or take a look at, um, at the asset." What, what are you looking for in that conversation when you're actually meeting the operator or you're looking at the asset for the first time in, in a little more detail?

Wow

...

it looked amazing.

I said, "Whoa, you get enough of these, you don't have to work anymore." And he said, "That's the plan." And so ever since then I was hooked, um, and, uh, got into real estate on the side, you know, after work.

Bought my first place and fixed it up.

Had a roommate.

You know, did it all myself, going to Home Depot every day and talking to the people that worked there on how to do flooring and tile and, you know, very hands-on at a young age.

Yeah