That will be a determining factor for where it makes sense for you to purchase.Regarding waiting - bear in mind a lot of people were predicting rates in 2024 would be in 5% range or low 6s, which didn't turn out to be the case.

One your loans will be a higher interest rate, next you will have annual filings, the cost of a registered agent every year, and items like that. 

Pittsburgh ranks #5 on Marcus & Millichap’s list of high-yield multifamily markets.Pittsburgh’s unemployment rate (4.7%) has dropped by 17.5% over the past 5 years.Pittsburgh is experiencing a demographic shift.

Adjustable rate mortgage, 10% down.

Because so much real estate in the US or Canada wouldn't be profitable without ultra low interest rate (as many investors are discovering lately), we are obsessed with getting cheap financing.

I would count on having at least half market rate tenants, in the event Section 8 rents are higher than market, which they are in our market (granted you will need to subtract the utilities from the rent).  

Unfortunately, I see a growing trend of a lot of service members renting their homes at break even rates or at losses.

With fluctuating interest rates, tighter lending criteria, and increased competition for properties, securing the right financing has become a key factor in closing deals and maximizing ROI.Are you exploring creative options like BRRRR, partnerships, or seller financing?

Use tools like AirDNA or Mashvisor to provide market data on projected rental income and occupancy rates, and make sure your lender works with appraisers familiar with short-term rentals.

I would guess he feels its nobody's business, and doesn't want to disclose that the payout was more than the actual repair costs.