To protect the purchaser of the wrap-around mortgage, Texas Senate HB 43:provides for wrap payments to be held in a constructive trust by the seller for the benefit of the buyerestablishes that anyone collecting or receiving a payment from a wrap borrower in connection to a wrap mortgage owes a fiduciary duty to the borrower for the paymentsdiscloses the nature and risks of wrap transactions to buyers and offer consumers the right to rescind transaction/agreement when disclosures are not made timelydefines “wrap mortgage loans” as a residential mortgage loan:made to finance the purchase of residential real estate that will continue to be subject to an unreleased lien that attached to the property before the loan was madesecures debt incurred by a person other than the wrap borrower that was not paid off at the time the loan was madeobligates the wrap borrower to the wrap lender for payment of debt, the principal amount of which includes the outstanding balance of the debt and any remaining amount of the purchase price financed by the wrap lenderclarifies that a wrap mortgage loan may only be closed by an attorney or title companyprevents “house flippers” from registering as financial service providersprohibits a person from making wrap mortgage loans unless the person is licensed or registered to originate or make residential mortgage loansThe new law goes into effect on January 1, 2022.

And if something effect mortgage finance to in effect be 6%....... could see record shattering first 30%+ price jump in 1 yr....... 

You're more likely to find LTR owners who want to convert to MTR because they are effectively the same rental experience and management for an owner, just with (potentially) more frequent turnovers.

Going to begin reaching out to commercial brokers, since I keep hearing there is a flood of inventory coming to the area but it doesn't seem to be effecting prices.

With a low mortgage of $1008, i was able to rent this property for $2400 effectively cash flowing about $1200 per month.

Manufacturing plants and such don't particularly care about train noise.Third: given that a railroad track has an adverse effect on the price -- how is the price of this property relative to that?

Florida has been top of our list to invest in, however with what is happening with HOA fees climbing, insurance increasing and the new legislation for condo taking effect in 2025 we are going to sit back and watch for a bit.We live in Calgary and have been looking at Arizona and Montana as well, Montana is close for us.Sharing your contacts would be greatly appreciated.Thanks for the help

You have to actually be cash flowing for this benefit to take effect.

" * In addition to drying up investment in rental property, one of the worst effects of Rent Control is that it discourages property owners from maintaining and upgrading their property.

If something similar would be required, might start having some effect on the structure value as you near the end of lease.