Cost of capital is more of a concern than it has been especially for short term investments with an exit strategy in the near future.It squeezes your cashflow and future property value if you can't offset it with a better initial purchase price or higher future rents.Your underwriting now has to factor rates being elevated and also factoring some cushion if they go higher before you lock your rate.Bottom line, make sure the deal cashflows strongly.Another factor to think about is property taxes.

I'd be very conservative on debt, not worry about reaching a target at a age(say house by 26), and take risks to elevate your career.

@Lin Ding you mentioned that you plan to refi in the future...the problem is, nobody knows when (or if) rates will go down (and in fact, they might be elevated for a long time).  ...the last time we had inflation this bad (late 70s/early 80s), rates rose and didn't come back down for a fairly long time (years)  --here's a graph of mortgage rates going back to the 70s:  https://fred.stlouisfed.org/se...I think all buyers these days need to be able to live with the property indefinitely at the rate they're buying it at right now. ...If a property doesn't pencil out at the rate it's being bought at, then it probably doesn't pencil out, period.

I bet this is more common than some people would like to admit who bought in the last 12 months at elevated prices.

No doubt there are recent job losses and interest rates are elevated, but I am not sure what percentage of the population are immediately affected...most just keep on living their lives.  

It always boils down to the main part of the home, and what type of soil was it built on.I have seen 150 year old homes that were in perfect condition and well maintained, these homes usually sat on elevated grounds with good drainage (which limits the movement of the foundation).When a house is built on flat ground and or where clay is present.

 After last August 7th, the date when our new president took office in Colombia, one part of his speech was clearly understood by real estate firms, the fact that most of the areas of law for investments have changed positively for a better adjustment.

You simply cannot talk to enough people if your wanting to grow aggressively.Perfect your elevator pitch.

A gentleman (let's call him Bob) called me and asked me if I took section 8; after which he launched into speech of needing to run for mayor, getting involved with gun control, earning his 3rd degree and fighting for the whales.  

Here are general details:-1st floor needs to accommodate approximate 55 parking stall for the 36 units-Parking will take up around 20,000sf of space-The remaining square footage of about 4,000sf can house elevator lobby, stairs, trash, electrical transform, commercial space etc.-36 allowed units at 850sf average size require about 30,000sf of building. adding the circulation and non-residential square footage pushes this number up to a total building of about 40,000sf.