I'm starting to see more movement in terms of people turning their attention to investment properties again.

The Board can "fire" the Managing Agent, and, if the HOA has employees, they can fire them as well, but the HOA lives in perpetuity or until dissolved in a Court of Law.

Conway to the North has gained some massive ground in those decades and you could view it as a magnet directing a lot of the commercial and residential movement in the area. 

I always use Movement Mortgage, they are local and have conventional products, HELOC's, and DSCR all in-house and they're in WIlmington so you can't beat it.

If that's the property that has a Movement mortgage on it, I can message you the email address for the servicing group. 

A lot of people overpaid for large multifamily over the past 3 years or so, banking on the following, in perpetuity: fast rent growth, historically low interest rates on capital, and historically low cap rates (property values, if and when they resell).Any of them that are holding assets that are cashflow negative right now must be sweating, and even if they're at least marginally cashflow positive, if they only locked in their institutional financing on their properties on 5 year terms, they're likely about to enter a world of pain when they try to refinance over the next 2 to 3 years. 

Seems like a no brainer to be able to be able to finish the basement and get a 375% return on your money ($80k for a $300k in equity) plus additional income in perpetuity.

.: I'm more tempted to wait until the middle part of 2024I can't predict the bottom but I'd rather refi on the way back up as opposed to on the way down  Yes, many have been burned trying to predict the market movement. 

The appreciation you can achieve in the rehab will not let you cash out all of your equity in the deal to perpetually continue the process. 

Movement mortgage in the Syracuse area has an FHA 203K rehab loan.