@Kayla Elliott  Hi Kayla - this was a commercial mortgage loan with a local bank, that held it "in house" after it was issued. 

The rental market is expected to stay flat or soft through 2025, then is estimated to start appreciating again once the new supply of multifamily housing reaches traditional occupancy levels.

Quote from @Edward James smith: Hello, I currently own a single family house with an ADU, and a duplex.

In some of those areas there are those row houses, built on lots that are 3000 s.f. sometimes.

Our goal is to always keep adding more value than what our investors would ever expect.We have some other pretty BIG updates coming in Q3 to continually keep adding value to real estate investors like yourself.Thank you again for your kind words

Housing two STRs and four LTRs What made you interested in investing in this type of deal?

Focus on analyzing properties and starting small, like house hacking or buying a single-family home to rent out rooms, while ensuring cash flow and maintaining an emergency fund.

The main house will be house hacked for the first year and will turn into a co-living.   

Anyone can live anywhere they want if they have the money, and sometimes houses are bought and then rented out without much background checking on the people moving in.

In short, I can afford the additional $1100/mo cost of a second house, even until I rent it out.I have around $35K in HYSA and emergency funds that I could use for a down payment, but that's less than 20% which would be required for a conventional loan, assuming full purchase price.