Most of the defaults in all categories came from being over-leveraged against the equity and if it decreases and/or disappears a lot of the fine print on these loans allows them to be called if X, Y, or Z happens. 

Richard Z.

They said come back with your best purchase price offer and you offered "Z".

. - 5 properties in the next 2 years, ~200k price point, in neighborhood x,y,z, with rents from $1,000 - $1,500) - and see what questions they ask you.  

But if you are waiting for the bottom to fall out of multifamily housing, it isn't. with 4.6 million unit shortage and 90 million millennials entering the rental market and Gen Z right behind them.

What do you mean by this, @Tracy Z?

i don't want to reiterate what has been said already, but if you have a budget try telling him up front. say I need X, Y, and Z, done.

are replacing baby boomers at a rapid rate, and are right behind Generation Z...

Also, Tracy Z has really good videos on using financial calculator for different strategies that is invaluable.

A to Z.