@Gregory Wilson  - partnership return compliance has become insane in the last several years.

Highly recommend.

I was a commercial lender for over 20 years and hotels are high risk / special use for most banks.

I do have a mortgage currently in my name that I am in the process of having assumed, so currently my DTI is very high because of this.

One of my goals is to go through my past tax returns, and figure the ROI my rental properties with taking into account the tax savings (I typically calculate the ROI on net cashflow at the end of the year)I have a W2 so I generally aim to maximize my pre-tax accounts - 401k, HSA, IRA to a backdoor Roth IRA, 529My "losses" would be passed forward since I don't qualify as a RE professional nor have active RE losses.

I'd suspect high sales prices in your area?

I am trying to calculate my returns over a 10-year period using the rent-by-room strategy, which results in significantly more cash flow than traditional rentals.

Personally I think there are good loans out there but people look for the "perfect" loan that fits their buy box and meets a desired return - which the return is going to be based on risk.So for many you cannot have your cake and eat it too. thoughts?

I'm a real estate investor in other parts of the country but not NY due to the extremely high buy in price.

Most CFO clients that I work with that are new construction/home builders usually target a 20%-25% gross margin as they usually have to deliver high teen returns to their investors.Great question.