A lot of people who played the 2-1 buydown game in 2022 are learning this the hard way right now as their rates are going fully-indexed and theyre not able to refi.

With regards to the interest, where do the Applicable Federal Rates (AFR) come into play?

The attorney we use charges $800 for uncontested and $1,500 if contested. it's not wise to look for an inexpensive attorney when its hundreds of thousands of dollars at play.

It is a longer play, and you need to perform when they send you a deal.

Play around on Airdna or price labs to see what a private room would get per month, you can use this as a ballpark number to gage what you should rent for. 

We'll have to see how this plays out.

. ** (when i respond it is not just for the original poster but others that learn from lurking)Not only are they not typical results, the year the property was bought and the method used to purchase play a huge role.

The syndicator quality and experience comes into play during bear markets…as you then see who’s swimming naked when the tide goes out.But market cycle overrides everything imo.

Major value add play with outdated units.

I would look more at the build out of the short term play.