OccupancyMost lenders require a minimum occupancy rate of 85%.

Do the numbers make sense with each and all interest rates? 

I've now used it twice.The program requires 10% down, must be a rental, no PMI, and has a very high standard of credit.Last I did it (Summer 2022), my rate landed in the low 5%.  

Currently we would be at 8.5% interest rate.  

I know of at least two big players in the lending space who have begun asking for a higher rate if you had in a sec 8 / HAP leases.

NOI divided by purchase price gives you cap rate. 

Welcome Hunter,  this is a good place to meet others with similar goals. 

TERMS- Deal Type: Seller Finance- List Price: $580,000- Purchase Price: $780,000- Seller Carryback: $693,000- Total Entry: $100,000 Breakdown: Assignment: $13,000 Down: $87,000- PITI: $2,657 Breakdown: Principal & Interest:: $2,000 Taxes: $464Insurance: $193- Rent: $5,250 ($750-800 per unit)- Amortization Years: 28.88- Interest rate: 0%- HOA: NONE- Balloon: NONE- EMD: $5,500- COE: Feb 12, 2025- Occupancy: Occupied, Occupants staying post closing- Title company: PROPERTY DETAILS:MULIT-FAMILY7 Units - 2B/1B per unit- Living sqft: 5,200- Year Built: 1940- Age of Roof: 1- Age of HVAC: New- Age of Water heater: New- Condition of Electrical: Good working condition- Condition of Plumbing: Good working condition

Hey Zoe good to meet you. 

Interest rates doubled within a six month period of time and property sales almost completely stopped.