Tucson Turnaround

I'm excited to see your Tucson deal, but I've got to push back on the appraisal assumption. What's the actual ARV after renovations, and how much capital did you really get back at closing? In my Lexington experience, the BRRRR method requires precise calculations. Did you factor in the local market's 8-10% average cap rate and potential rent growth limitations? How will you ensure the renovations yield the expected 15% rent boost?