More than likely the asset will in a location where cap ex & management/operational costs are disproportionately higher and therefore your expense ratio will also have to be adjusted to a higher number.  

For my area, looking to stay under $180k but could adjust slightly.

I would like to have lower monthly payments should I make a big lump sum payment towards my principals and ask my mortgage company to adjust it or refinance it or which one is the best ? 

Also, the rate the fed is always adjusting isn't the mortgage rate only something that influences it.

Than maybe with adjusting the vocabulary to REALIZED performance and UNREALIZED performance, we can start correcting understandings. 

Just make sure to adjust the rent enough to cover the average utility costs and include it clearly in the lease terms.

I’m also starting to wonder if my minimum requirements are too high for this area or if I should stick to them.Here’s what I currently require:Application: Everyone 18 or older must complete an application.Screening: Includes income and rental history verification.Background & Credit Check: Clear background and credit check required ($45 application fee).Income: Monthly income must be at least three times the rent (minimum $4,200 combined).Credit Score: Minimum credit score of 650.Eviction History: No prior evictions allowed.I’m considering adjusting these to a credit score of 600 and income of 2.5 times the rent.

As such, partnership agreements are something that I have been wrestling with the last month or two.Thankfully, there are a number of different templates out there for you to adjust.

You can adjust them and shorter PPP's tend to have higher rates than long PPP's so keep these in line with you strategy with the property whether you want to hold long-term or refinance in a few years.If you're still looking for financing I'd be happy to help.

This could be a huge problem, as the "the rent is too damn high" people will be extremely upset with huge surges in the cost of living, felt acutely in some major metros.3) 2027-2029 should see a return to a more normal inflation adjusted rent growth curve, with the caveat that if supply continues to remain relatively low, we could see national rent growth outpace inflation in these years as well, so long as interest rates remain high.