With interest rates rising, has Norda seen more defaults recently? 

I think the most interesting trend I've seen in the last 25 years has been the rise of good realtors like yourself who understand the power of the 1031. 

I’m not sure if the metric has changed much with inflation and rising costs but I’ve repeatedly heard that $200 per door is a good cash flow.

And as this fleshes out and rents continue to rise, I feel like it's only a matter of time till renters are more open to this type of living.

I agree with most people in this forum that mid-term rentals are on the rise and gaining popularity. 

ANR is already on the rise and back to " normal" pre Covid and show no resson not to feel they will exceed that given time. 

First off- $4.5M for 48 units and 50% are vacant is not a steal, unless this property is located in a downtown area and you have a contact with a developer who will pay 2X to build a high rise. $93k/unit for 50% vacancy doesn't carry hardly any debt, hence why they are capping you at $500k.

In short: rents and cash flow have not caught up with the rising interest rates since 2022.

@Ben Cochran I hope you have factored STR tax savings into your cashflow and ROI as it can be significant.Leveraging equity to purchase a short-term rental (STR) in Tampa Bay can diversify your portfolio and potentially generate strong cash flow, but it also increases your financial risk.While your properties hold significant equity, adding debt from HELOCs or a DSCR loan could strain your finances if STR performance fluctuates or costs rise.

Rents and property values rise pretty steadily in our market at a rate about 2-3X the national average.