Although tends to be regional a lot more than passive investing.. there are still red hot markets in the US for new builds and some markets are very soft to declining..

One of the issues is that the floors were replaced as part of the rental in 2022, but months later they began to feel soft.

We build high end for $600/SF all in - soft and hard costs.My question, just to throw out there and brainstorm, out of the 4 MF lots, what type of mix would you throw out there?

They're not like big conventional banks after all (correct me if I'm mistaken).I found one that does a soft pull so I'm thinking there's nothing to lose. 

Turnkey providers often exclude a lot of the "soft costs" that always come with owning rental property.I work with a company and all we do are BRRRR type deals in Detroit for cash investors.

Several of which require no appraisal, you can apply and get an instant offer after a soft credit check.

It should apply, as a veteran myself, I have a soft spot for other vets using their VA loan to get started in real estate (it is how I got started, and it is easily the greatest loan product available). 

All the soft costs plus impact taxes. 

However, since new job numbers are back up (albeit not as high as they were earlier in the year), this points more towards a soft landing than recession. 

PNW is 90% soft wood..