Private lending is all over the map - could range from nearly being a bank underwrite to literally a handshake with your cousin Jim Bob.

Quote from @Akmal Normuratov: @Chris Seveney got it thanks You could get rates in the 9-10.5% range if you have a good credit score. 

Also rental rates are dropping, and we are already seeing rental loan rates in the 5% range, I would expect to see rental rates under 5% by January.If you are going to be a real estate investor for the long term, why don't have your Real Estate License?

(130-150k range). ( I do not live in NY so primary residence loans would not apply).

@Anthony Swain @Brandon Croucier  Found a Five unit in my price range and the numbers work which is really hard to find in the area.

Therefore because of the low inventory there is it 0% chance that there's going to be a crash so if you are going to keep this mindset I would highly suggest you do research on what's really going on with regards to inventory because you're going to lose out big time.

Depending on your area and price range I would suggest getting into a Multifamily 2-4 unit first if possible.

I'd like to know what are the normal rates this is usually done in this rental price range and how usually management companies charge.2.

Condos are also unique because each condo is different from another, so the strategy is really building by building, and there are buildings which match each of the options you listed above.June 2024 showed clearly the increase (and rush to sell) of inventory, that for 90% is driven by older buildings (40 years+).  

Down in parts of Texas and Florida there are massive spikes in inventory while in other areas like the northeast and part of the midwest, the markets are on fire.