Quote from @Ian Stuart: In my opinion, multifamily NOI growth will slow over time as inflation pressures in the U.S. continue to weigh on tenants' disposable incomes (which detracts from their ability to pay higher rents).

In all honesty they did you a favor but it might be at a higher expense.

The potential for a loan call is higher and higher with sub to the more parties you involve if that makes sense.Trying to take down four homes sub to and then do remodels to them all, and then list them on short-term rental sites, and get full permitting and ok for not just the STR, but for your renovations and all prior renovations maybe done without a permit, while on subto, sounds like a pretty big mess to me.I would consult with a sub to specialist and prepare for the potential of having all the loans called at some point.

However, do that for the purpose of being able to charge a higher rent.

Prices are a lot higher now than when I was purchasing properties.

If 8 years if rates have spiked and you have a loan in the low 5s, that will have more value than a house that has to be financed at higher rates. 

I purchased it with a HELOC so higher interest debt until I can cash out refi.

The rents are a bit higher on new construction and the builders are offering great rates to investors if you use their lender. 

Lending terms on properties owned in LLC tend to require more equity and higher interest.  

Hello biggerpockets team, a question. What does it mean when I see a mortgage and debt balance and public record balance compared to estimated value??????Thanks!