But let me say this, I am aware that housing is in short supply.”Powell also reiterated that:- unemployment while still low is steadily notching higher;- job and wage growth while still strong are steadily moderating;- inflation is moderating, on trend, and the Fed’s target of 2% is on the horizon.The Bottom like: I still think we get interest rate cuts in September, and a second one after the election.

What property Class are you targeting?

Ideally, targeting properties conducive to the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method can optimize returns, although such opportunities may require thorough market exploration.Should you require further assistance in evaluating potential investments to align with your business strategy, I am available to offer guidance.

Option 1: 1031 into another STR, target price $1.1-1.4m.

Now, it is more targeted and has to be designed and run very intentionally.

I target working class hoods.

That being said there are also bad deals in any area, here included.I would run your numbers based on historical data from airbnb - pretty easy to check on airdna or even just going in the airbnb app and seeing not only what nightly rates look like for certain properties but what their occupancy is - from there you can estimate monthly revenue with a reasonable degree of accuracy and see if that lines up with your targeted returns.

The challenge we now face is whether to keep targeting smaller multifamily properties due to the historically low interest rates and very favorable loan terms or look for smaller commercial (roughly 10+ unit multifamily) properties even though the financing is not as favorable (at maximum will need to refinancing by end of year 10) and cap rates are extremely low? 

So, keep in mind your market and what your target property result looks like in that market. 

Or primarily for sufficient capital for down payment and obtaining a new DSCR or alternative qualifying loan for the target acquisition.Although there are alternative income qualification methods for fixed second loans and HELOC's utilizing bank statements and even DSCR rental income, as the lender risk increases, generally so does the borrower's interest rate.