I worked for a property management company that requires all potential tenants to check into the main office prior to showing as a means to provide a safe showing for the employees.

We also follow-up with the recruiter or HR lead after each stay to tell them what a great experience we had with their employee and to ask them to think of us in the future when they need to place someone in a midterm/corporate lease.

Boston from what I've heard is very tough with compressed cap rates.

Came up with a little mental "que" or montra if you will the other day while driving to help me through those tough mental days, and wanted to share...."

Back when a close friend of mine; he’s a commercial landlord in Phoenix who once took on a quircky triplex in a tough neighborhood..decided to reshuffle his insurance setup, I saw firsthand how getting stuck in a clunky policy can really stall your forward momentum.

Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained

Plenty of growth still happening.I think duplex at $180,000 might be pretty tough to find, but maybe single family around the outskirts of the main metroplex.

Some cities use city employees, some use third parties, some require exterior PoS only (Maple Heights is one of these), some do exterior and interior, while some require exterior and offer interior.  

Without this, it’s tough to calculate a realistic cash-on-cash return or DSCR (Debt Service Coverage Ratio).Condition of the Property: Are there any deferred maintenance or capital expenditures needed in the short term?

While the "narrative" is good, the devil is in the details, and I see this as more of a black-box than an open system.We work with a couple other larger operators besides BAM, but in short my only complaint is the detail in the reporting, especially in tough times.