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

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!

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

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.

Much of this type of business simply comes from portfolio management, tweaking a portfolio by one entity releasing inventory and acquiring more, it increases the yield by conducting exchanges over having a note sit there paying to maturity.

And during inflationary times, our rental rates increase.

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%. 

Downfall to some DPA's is they require you to own the home and not sell it or refinance anywhere from 2, 3 or 5 years depending on the state.I have seen people use a DPA and after they purchased the home they did some renovations and the home increased significantly in value.

We are currently experiencing another downward push on rental prices (we are continuing to reduce rents), an increase in vacancies, and an increase in time to fill units.

However at those numbers, you'd have to get a HML and increase value, then refinance into long term debts