Quote from @David Krulac: Why are your rents increasing so much right now?

By offering strategic guidance, the broker helps investors make informed choices, ultimately increasing the likelihood of project success.Finally, a good private money broker understands the importance of post-funding support.

-Do the area demographics support occupancy and higher rents (population growth, low unemployment, low crime, increasing wages)?

Potentially a 'exclusivity in exchange for reduced fees' or 'reduce per-visit fees as the number of calls increases.'

most bankers are standoffish ;-)yes, the HML/PML will be higher cost, but my concern for you is the banker knows he can't do your deal, but will string you along for a while, ask for additional information that takes you time (and maybe cost) to put together and he ends up either ghosting you or taking 6 months to tell you no.I could be wrong and you may be dealing with a "unicorn" banker, but I believe a HML/PML that knows construction in your market will be easier to work with, actually close your deal, and end up "saving" you money in the long-term...just my 3 cents - even inflation has increased this!

Also, if you go into the BRRR strategy to add more properties faster, every time you get rent and make a payment, you’d still be paying off the loan which is increasing your equity so it’s like a savings account that builds itself.

Property taxes are especially high, as the city by default increases it at 2% per year even though market value of those condos have crashed by over 10%. 

The shorter the prepayment term has an impact on increasing the rate.4.

Some expenses are noncash and can be added back to increase your net rental income, and others cannot.

While living with your parents can be beneficial, the desire for privacy is valid, especially with a family.