It is both more economical and in my opinion a far better use of resources to hire an attorney for the CYA portion as they are they actual experts when it comes to the legal pitfalls and trouble you can get in when conducting a deal.

Hey @Connor Amato Both Buckeye & San Tan Valley are great up-and-coming cities/economic hubs.

It's just that those potential movements will be based on other considerations (chiefly, incoming economic reports) and NOT on the Fed's rate cut.To make matters more confusing, it's important to remember that Fed policy still has a tremendous impact on rates, but that impact stems from the Fed's words and quarterly projections.

In the 2024 insurance market, CA is hard to place, so even though you could force them onto a single policy, it may be more economical to keep them separate.I'll send you a note with the carriers who can do this for you.

I lean toward the latter—this is more about economic conditions and the lingering post-COVID effects.

The City of Chicago has recently streamlined its financial incentive programs for economic development within city limits.

C" tenants are not all bad people, economically they may not have a bunch of money but they are not all bad people.

It's not a mind-boggling salary, but it's enough, and the economical decision would be to move into a LCOL area and thrive.

Taking that money out and anything that leads to more people using the equity from their homes and reduces the friction to that process is not good in the long run.As a NPL buyer who buys 1st position mortgages, we do watch stuff like this carefully as the moment these borrowers get high CLTV's any drop in pricing and change in economic conditions will lead to more foreclosures versus bankruptcies.

Btw, prior, the city and state would NOT foreclose for property tax nor accept the building as a gift; the government just determined that these property owners must become economic “slaves” to the government.