I factor my acquisitions on Adjusted NOI base, out of fear of one off capital draws needed to continue typical rental operations.

I factor my acquisitions on Adjusted NOI base, out of fear of one off capital draws needed to continue typical rental operations.

Sold a rental with ~$260K adjusted basis for $615K.

I would be happy to also get you up to speed on the opportunities on Hilton Head, as the STR demand rental potential is huge.Keep it up!

Consider diversifying your investment portfolio with a mix of fixed and adjustable-rate mortgages.

I just heard back from the bank and her response to my inquiry I emailed and said"I'm not finding any information that the adverse market refinance fee is still active, I've only found information to the contrary.Linked article from The Federal Housing Finance Agency mentioning the fee has been done away with as of August 1, 2021"Her response"You are correct, no hit for Cash out on primary residence, that has gone away but we do have adjusters for Loan to value and cash out loan to value along with credit score and 2-4 unit"This is problematic to me on so many levels, why was she willing to increase my interest rate based on her ignorance, who is watching and making sure these lenders are doing the right thing?

Also it creates problem, lets say in one zip code we had 100 homes, i would say 80% of the settler in that area would not even able to pay the mortgage if they have to adjust to today's price. this would create unique problem where they could be cash poor but having large equity (think like baby boomber that purchase 125k homes in santa clara in 1981), since they can no longer afford to pay mortgage, hence they prefer to sell, they can get 1-2 mil easily and  then rent or buy elsewhere, live in florida for sure.

In the long run I will probably fall a bit behind market rents on average and then do a modest re-adjustment with a turnover.

Reminds me of going out on my father-in-law's sailboat where an ***hole in a speedboat wrecklessly speeds by creating a wake.

If you want to buy 300k duplex and want to have class A tenants in fairmount, well you're out of luck and need to adjust your purchase price standards.