Conventional versus non-qm products have similar pricing, but restrictions on DTI and capped number of properties will limit how far one can go using conventional.

Many lenders have similar programs, so pricing can be increasingly similar.

In CHS, the county assessor has a two page form that you complete and file with the assessor's office, similar to applying for the legal residence exemption. 

Make sure all property income and expenses flow through the LLC’s bank account moving forward.I recently had a client in a similar situation who waited six months after closing before transferring their property to their LLC.

Instead of refinancing immediately, you hold out for rates to drop, which many economists predict will happen as inflation cools and market conditions stabilize in the coming years.Refinance when rates drop, extracting capital while maintaining cash flow at a similar level due to the lower interest rate.Repeat the process by redeploying the refinanced capital into new investment opportunities.This version of the BRRRR method is more of a long-term play, as opposed to the quick 6-12 month cycles many of us were used to.

Is that similar to what you've seen?

But the reduced complexity of the single member set up and the improved liability coverage that is similar to 2 member LLC guided us this way, as well as others good insight.

You will also learn from others which operators they like or don't like, which asset classes are going well, diversification strategies, standard terms and more - and most of all you will have other like minded individuals to consult with who are on a similar journey.  

., check with the county tax assessor's office.We did something similar in Alabama last year breaking off a couple of acres from a generational family property. 

So, your competition aren't just nice new townhomes but any 2 bedroom rentals in nice condition with similar amenities.