If they try to pull that ESA crap, let them know that all animals have to follow the rules legally and that just because it is an ESA they are not magically exempt. 

I like the fact that you combine your target avatar to your investment target.

The property’s potential for strong appreciation, combined with its appeal to high-quality tenants seeking modern living in a historic setting, made it an excellent addition to my portfolio.

The property’s potential for strong appreciation, combined with its appeal to high-quality tenants seeking modern living in a historic setting, made it an excellent addition to my portfolio.

I was drawn to this deal because it aligns with my strategy of combining immediate rental income with long-term development potential.

Combine both strategies. 1031 into a small multifamily where you live.

IMO, this combination of lower NOI growth and increasing interest rates will not only cause cap rates to expand / values to decline... it will also make it more difficult for owners to refinance, even out of "safe" long term fixed rate permanent debt.Personally I would not want to own leveraged multifamily assets now for this reason.  

To @Jon Pflueger I apologize that your post turned into a crap-show.

We many a handful of them for our clients, and the combined rental income covers their expenses.

I financed this deal using a combination of cash and a line of credit.