Fort Collins did it since the 1960s and only recently created a law against it because of rent rates.

Quote from @Ryan Mcpherson: Moved to Austin for work and purchased a home in 2021 with just under 4% interest rate.

There are plenty out there with fair rates and lower fees.

If it's already turnkey that means you're paying higher rates than necessary when you could put 20% down and get a DSCR loan with lower rates and fees. 

In this case, since they are borrowing their payments, these would get added to the principal balance each month, and interest would be calculated on that.If, for example, the interest rate on the note were 10%, they would implicitly be borrowing their payments at that rate.

We’ve tried other platforms on the market, but the message delivery rates were very low compared to the 85%+ I get here.

Plus I recently got a brand new calculator, wanted to see what out of state investors though the most important aspects of deciding between to similar rates cap rates in 2 varied size apartment. 

One of the key challenges I’m facing is understanding the financing options available to someone without Canadian residency or a local credit history.From my research, it seems that a 35% down payment is often required, with interest rates around 7.5-8.5% for non-residents.

Mortgage rates and PMLs are 8-12% plus points right now so the deal has to be a low enough entry. 

The main reason I decided to sell rather than hold was the rising interest rates.