Tenants in many markets already believe they pay too much (contrary to recent studies that show rent to property values have never been lower for the large US cities).If my insurance costs are not double my current rates over the next couple years, I will be pleasantly surprised.  

Best of luck!

I think chatting with hosts is the BEST way to get sound and clear cut data (given they keep P/Ls, etc.) because I know I've heard from some folks rumor the idea that Airdna skews data a little bit to make numbers look better than actuality to encourage folks to invest in the area & use their platform to see data.

OccupancyMost lenders require a minimum occupancy rate of 85%.

What's the best way to navigate this situation regarding the application process as well as the lease administration?

Option 1: The loan that the owner has is an assumable loan at a 3.875% rate and still has about $265K.

Hey Jonathan, Best way to learn is to go to every meet up you can and ask a tons of questions and listen to the stories of experiences investors to figure out which route you want to take in your journey.

I'm sure current interest rates are higher than what you have locked in, and properties in an LLC are subject to higher rates.

For your $2M property, a cost segregation study estimates $316K in first-year depreciation (compared to $28K with standard straight-line), potentially saving ~$117K in taxes at a 37% rate.

Hey BP family, I'm currently trying to help out a family in need from having to foreclose on there property by taking over subject to, it has a high interest rate although the entry is around 20k I want to wholesale this ultimately Is it possible for me, to disregard my initial assignment fee to get a buyer asap and add a 2nd lien on the property as my fee?