House hacking is using an owner occupant loan to get into a home or a 2-4 unit property.

If it is a class C office building with 10% occupancy that is very different than a Class A MF which is still very different than a debt fund with zero leverage.As mentioned risk and return go together  - greater risk should have greater upside

For reference, the occupancy for Fall 2020 was 97%, Fall 2021 was 100% and 99% for Fall 2022.  

The rental market is expected to stay flat or soft through 2025, then is estimated to start appreciating again once the new supply of multifamily housing reaches traditional occupancy levels.

The two common ways to get rents up is 1) to move qualified family into the unit for a year 2) perform and extensive rehab such that tenant occupancy is not possible. 

Remember also, that FHA is generally intended for an owner-occupant/primary-residence for at least the first 12 months, but as was discussed above this can be worked around.If a client qualifies for Conventional I almost always advise them to use that product rather than FHA as a general rule - but a lender will have the more relevant, tailored advice.

I have sold a couple to investors and some to occupants and can't say I have anything to complain about. 

The better the rates, lenders generally want to see more experience, higher credit, occupancy and DSCR requirements. 

We've seen 3% for 100+ unit apartment complexes, but they also have onsite staff not included in the 3% management fee.Two other pricing options to properly understand:1) Fee charged based upon tenant payments or just occupancy.

Shaker Heights is great for owner occupants but is generally pricier and has more restrictions on renovations.