@Marcus Stokes, house flipping is a full-time business operation, even with current market conditions.

In CA currently only MF properties are rent controlled.

We're now up to $1,900/mo and the current tenant wanted to sign a full year lease so it's a furnished long term rental for the moment.

Quote from @Todd Goedeke: @Parmesh P. there is no such TDA paying 7% or even 6% long term,5 years or longer.One example I know of is NYC teachers has a 7% fixed with a maximum $23,500 per year currently. 

I'm currently planning to purchase a commercial multifamily building in Chicago with the proceeds of a 1031 exchange.

Currently, I am self managing all the operations.

Nd what housing is currently attracting the highest CoC and total returns potential - studio - 1bd, 2 - 4bd, or 5+bd?  

., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?

Figure out market rents, deduct expenses to determine NOI, deduct cashflow you want, plug remainder into mortgage calc at current interest rate, then add lender's required down payment.That is how much you offer!

I currently am a new landlord.