The 4% and 6% rates are just the names given to differentiate commercial and owner-occupied.The 6% rate is obviously significantly high, but it's fairly average nationally.

It’s also important to distinguish between those who are genuinely advising you and those who are selling you a service or product disguised as advice.I went to my first real estate conference in Atlanta in 2005.

“We have range of product for your loan solutions”“You nееd a loan tо new business expand еxіѕtіng.’’Huh?   

For the most part, most lenders are going to be relatively close in cost assuming we are talking about a straight forward loan product, we all borrower from the same pool of money to make these loans. 

@Danielle Levy a lot of questions regarding your accusations:1) What are the average Days On Market (DOM) for rentals in this "hot" market?

As I have said they can throw people out for negativity so you will unlikely get a true and honest review from anyone in a forum like this. these training companies just follow MLM tactics  ala Amway etc.. right down to the sell the product make money. its all the same marketing just the product is different.

I do not know the accuracy of that figure or if it is what the average is presently. 

basically if anyone has any tips when it comes to researching plots of land in order to make the right purchase i would greatly appreciate it get with a realtor. we underwrite land at no more than 10% of after built value. in our market we build under the average new build value which is about 515k. we like to be around 420-450k and smaller footprint about 1500 sq ft with attached garages. we build close to urban core where everyone wants to live and net migrations match up. but suburban is fine. if you give more context I can help but in most markets land is a buyers market. most people aren't looking at it or buying it. 

Take that for what it is.I like markets as an investor and business owner with median pricing close to or below the median average for the nation.  

Our DSCR product is very STR friendly and heavily lean on AirDNA data vs appraisal.