There are also case by case opportunities within the North Phoenix market where rental rates are stronger. 

@Arlinda RexhoWhen considering a 32-64 unit multifamily property in Texas, focus on strong locations with population growth, proximity to amenities, and low crime rates.

Now, after doing this several times my success rate is around 1 out 5.   

Hi MoshinSince you are in Texas, I recommend contacting Brett Chotkevys with Platinum Resort Assisted Living.

I am making notes of your contacts.

A lot of people tend to mingle these things when they talk about "break even" or "cap rate", but that leads to a lot of confusion.Let's use some real numbers which may be easier to understand. 

So, Colorado vacation rentals will be taxed at something between the current residential tax rate of 6.7% and the commercial tax rate of 27.9%.

Some areas still offer strong appreciation potential along with steady cash flow, and when working with trusted lenders, you can find competitive rates in places like Memphis, Little Rock, and Oklahoma City, which tend to perform well on both fronts.

One other advantage is that many of the builders that I have worked with are able to incentivise the sale with interest rate buydowns that make the deal work.Best of luck moving forward. 

I bet the rate of Engineers going homeless is all but 0.