Out of curiosity, when you travel to new cities for work, are you basing your search for housing on a certain mileage, or walking distance, from the hospital you’re working at?

I'm still learning the industry,  but I have been able to partner with a CDC based out of texas and they have been a great help and they have allowed me to get involved with getting investors for their project and I'm definitely excited for it.  

Inflation will cause rent to go up and if your debt against the property is based on fix rate, your odds will only get better.

I didn't consider trying to time when to enter the MFH market based on the current valuation of MFH CRE. 

Based off the information you provided, it sounds like there's no issue from your end.In the future, you may want to include something in the lease agreement that outlines objects that may be stored on premise.

Based on a value of $165k, 75% LTV would make your new loan amount $123,750.

.: Quote from @Greg Scott: Based on my experience with Hard Money Lenders, this post does not make any sense to me.Did you not file the loan documents with the county as a lien on the property?  

., SaaS, subscription-based e-commerce). 

I would also recommend looking at cities close to Greenville, like Anderson, Easley, & Simpsonville as well since Greenville can be competitive unless you are looking at off-market deals.Also the non-occupancy tax would be based on the tax assessed value of the property and not the income it produces.

Based on those numbers, yes CoC return is "accurate" but I wouldn't say it's "reasonable"...in fact, it seems VERY high.