The saturation levels put pressure on class A newer multifamily and cause flattening of rents, rent specials, vacancy increases etc.If you invest in class A I sure would not be investing in a syndicators buying a 4 to 5 cap and hoping rents year over year blend up by 3 to 4% annually.

With 25X expenses you can simply invest your money in a blended portfolio of passive index funds and bonds and live comfortably with a safe withdrawal rate of 30+ years.  

If I were you I would consider the HELOC to use as a down payment on another property, a cash out refi would be tough with that big of a jump in rate, but calculate the blended rate and compare the two just to make sure.

Exploring medium-term rentals alongside your partner who's in medical school could prove to be a promising blend.

Rationally it'd make sense for me to pay 12% or more all day long for the slice from 70/75% to 90%+ and my blended cost still comes in lower than 9.5%.

The market blends a low cost of living with relatively high quality of life, and is growing rapidly.

It's possible underwriters see this and shut it down right away.We have many current clients who have this blended model, but they are local to their properties.  

-I would like a good blend of cash flow & appreciation, but need more cash flow in current circumstances. 

Buying a tract house and putting in the basic LVP, white shaker, subway tile, greige walls will blend in with most other listings.  

This would give the investors a blended 12% annualized return, with the GP keeping 100% of the profit above that.