In 2024, the city instituted a CAP and for a period, now only active STR permits can transfer to a new owner.

The issue is the use of capital to buy a multi family for all cash only to receive a cap rate of 5.3%.  

Quote from @Chris Seidler: Quote from @Jorge Caceres: Quote from @Chris Seidler: Our medium term lease covers utilities but includes a cap for electricity.  

One of these restrictions is a cap on how much income we can require (max 2 or 2.5 times rent depending on the rental rate).

I know they have a cap at 10.We have also looked at using local banks in the area but those terms are usually 3 years arms to ten year arms and 20 year loans so it lowers cash flow significantly. 

Generally, I'd look for the ideal: % based mgmt fee with a cap on the value.

Syndicator bought at to high a cap or caps Drop like we have seen and or as we all know sort term debt etc etc.. thats what leads to wipe outs. 

But, when you combine all the potential lost income and damages, I will definitely be the losing party since there's a cap on small claims.

Everything seemed great until the HOA implemented a cap on rental properties due to complaints about absentee landlord's.

When valuing the property, focus on its net operating income (NOI) and use a cap rate that reflects Section 8’s stable, government-backed rents.