The appeal, in my experinence, is a steady local base plus some vacationers passing through.I’ve got a freind who scooped up a place near the Ozarks and found that while huge cash flow was harder to come by, the consistent occupancy gave them fewer headaches over time.

I have been in real estate for over 16 years and have never heard of a lender calling a loan due because you placed it into your LLC.

This can indeed provide a steady income stream and considerable financial stability over time.

In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices.

Investors want a premium on mortgages over the saver treasury bill, historically about 1.7%, but currently more like 2.5% which gets us back over 7% for 30y fixed.I would not be totally surprised if we see 8% in Q1.

Being in the industry for over ten years and running over 500 machines myself I can only say they are bad dudes. 

Is the credit over 780 for both #2 applicants, or is that an average?

I think he was upset because I used him in the past and he may have expected that I would continue with his services. 

It absolutely works and will become more and more used over time.

I'll have an engineer look it over and stamp off before I move ahead.