With housing demand being so high in this area, and homelessness/affordability of housing being such a big hot-button issue, you'd think cities would do everything they could to provide more affordable housing.

You should also research your competition and see what people are gravitating too.

Hi James,Yes, there are still hard money lenders that offer gap loans with straightforward underwriting and competitive origination fees, but they are becoming harder to find.

Newer building has seen huge increases in insurance in the past years because of the collapse of the Champlain Towers and hurricanes, but that is over and there is more competition now in the market: I have already seen the cost of insurance going down -8% in the negotiation for 2025 in one building where I sit in the HOA. 

This is particularly important in competitive markets where speed can be a key factor.Risk Management: While there is certainly risk with any form of financing, careful management and choosing the right lender can mitigate these risks.

I assume you are referring to 3.5% and 5% down,Well the 96.5% LTV FHA Product is great, it typically offers more competitive rates than the 95% LTV Conventional product.However there are stricter requirements on the property for an FHA product.Speak with a broker who knows what they are doing and they will point you in the right direction.Neither of these products will qualify for 5+ Units however, stick to 1-4 units.

But I realized you can see the ticket you filed if you go to https://help.zillowrentalmanager.com/, then hit the sign in button at the top right corner, click your profile picture and click "my activities".

That means that a building doesn't get built and there are less rental units available, further increasing competition.

No issues, 65-70% of LTV without any US credit on DSCR Programs.If he has significant down payment, pricing will be extremely competitive.

It is true that when you buy in a competitive market you won’t get to perform as much due diligence, and you will need to rely on experience, wisdom, and honed processes.