Regardless of the lender, expect a higher rate and cost associated with a DSCR loan with no prepayment penalty compared to a DSCR loan with a prepayment penalty.

I compared the cashflow + appreciation + loan paydown + tax deductions against those of the other properties I was considering a 1031 exchange or Section 121 into.

One needs a good bit rehab and houses in that area of NC are now going for 280k and renting for $1200 with comparable sq ft. 

Its definitely distinct from Hard Money in many many ways. 

Ken, it’s not official - I’ve just been looking at various recent sales on Zillow and comparing to sold prices of the same property in 21, 22, and 23.  

The price points combined with incredibly low interest rates compared to the amount charged for a student room rental in the city center was pretty appealing.

generally speaking your total cost of ownership of a C  class compared to A class is going to be more when it comes to turn over costs  cap ex caused by tenants  etc etc

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Grand Rapids is definitely a good market for multifamily investment as it has also seen rent growth unlike other parts of the country for multifamily.It is also a more affordable place to invest compared to other parts of the country and Grand Rapids is generally landlord friendly.A quality property manager is essential for an out-of-State investor and there are some good ones locally.To Your Success!

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.