Very difficult area to be a landlord.Tenant base is lifer tenants. very tough on the housestheft is rampant you leave a home vacant for more than a few days and you HVAC AC unit will take a walkKids break in and trash them.YAZOO Clay screws up the foundations big time.And lastly with those homes they were built so cheap in many instances they are just functionally obsolete and take way more maintenance than other areas of the country.

I've done refis with section 8 tenants in the units from traditional banks and dscr lenders.

Would love to assist or answer any questions for any of you guys. 

I house hacked this 4-unit property start year of 2022, moved out in a triplex in 2023.

They have a $5mil builder loan for a 20 unit townhome community they are looking to refinance.

It's probably not going to end well for that landlord.We actually had this happen to us twice last year (at the same time, in 2 different units)!

This criteria is for 1-4 and 5-8 unit programs.

I bought 6 unit property in Wildwood,NJ,in November 2024, doing rehab now,  should be done by May 2025I am planning to subdivide 6 unit building to 6 separate condos and sell fall 2026, , if there are any experts in 1031 that can help me?!

Long term $ can range from 6's-10% range depending on all types of factors - LTV, location, unit count, debt coverage, borrower strength, full doc or lite doc programs, etc..

Be careful when you select entity types.A pass-through entity in the United States, such as an LLC, may not hold the same characteristics in Canada.What market are you looking to invest in?