I am in the process of refinancing a 5 unit building and was caught off guard when I saw that the appraiser used a 9% Cap Rate. Be careful with your underwriting in this market. I would hate to see your deals go upside down. The appraisers and lenders see this shift first. Talk to them often.

Has anyone used or encountered underground detention with flex? Curios to hear your experiences if so. Thanks!

Hey everyone, nice to meet you! My name is Brandon and I live in Tampa Bay, FL. I work full time in hotel development and acquisitions but have been fascinated by the small bay industrial world. Look forward to learning and collaborating with others in the group! Would love to do a deal in the space soon.

Thoughts on this layout? We don't have room for large semi access, but made it so we can accommodate box trucks and trailers. My plan is to condo this and sell off units. Open to any and all thoughts!

If you haven't bought a deal yet, you're not alone - almost half of the Basecamp community is still figuring this out. Basecamp members: 48% are still learning / researching 30% own 1 - 3 properties 12% own 4 -10 properties 10% own portfolios great than 10 small bay assets If you are still looking for your first small bay deal, drop a comment below with a question that will help you get started: - What's the #1 question you can't find a straight answer to? - What's stopping you from making a move - money, deal flow, confidence, something else? - What resource, breakdown, or call topic would actually move the needle for you? No question is too basic here. If you're wondering it, there's a good chance 200 other people in this community are too - you're just the one who asked. (And if you're on the other end, 4, 10, 20+ properties in, feel free to jump into the comments and answer a few of these directly. Best way to pay it forward.) Let's all help each other succeed!