This is usually based on the proportion of the down payment, mortgage payments, and other costs each party contributes.Financing Details: Define who will pay for what.

At any fixed valuation Cap Rate and NNN must be perfectly proportional. 

The key is to allocate expenses proportionally between your primary residence and the rental units.

While opinions may vary, I rely on data to help drive real estate decisions and planning.Key ConsiderationsEducational Attainment: 77008 boasts higher numbers of residents with bachelor's (12,241) and master's degrees (5,739) compared to 77063.Demographics: 77063 has a higher percentage of foreign-born residents (41.02%) which typically indicates a strong rental market and with 76.86% renter-occupied versus 32.60% in 77008.Economic Factors: Median income in 77008 is $140,609 with a low unemployment rate of 3.37%, whereas 77063 shows lower median income ($51,899), higher unemployment (9.99%), and more families below the poverty level (16.51%), which may indicate economic diversity but also potential rental payment risks​​.Age Distribution: 77008 has more middle-aged residents (35-54) [8970 compared to 6,115] and a slightly higher proportion of young adults (25-34) compared to 77063 but both are popular with younger adults suggesting strong rental markets equally exist.Housing Market: 77008 features a higher percentage of family households (52.39%) and married-couple families (44.77%), suggesting stability and potential for property appreciation.Digital Advertising Demand: Houston Heights apartments (77008): 50,000 average monthly searches.

Or the other way around: the number of spam calls does not proportionally increase with your exposure.What helps the best is to actually answer the call.

Blown out of proportion or a real concern?

In a high level, the appreciation is inversely proportional to price to rent ratios.

Risk and reward are not inversely proportional - no one gets more reward for less risk, and just about everyone understands this internally because everyone would do it if not the case - but the LPs wanted to believe they were smarter than the next guy, or knew someone smarter than the next guy.

Generally speaking, multi-family units—especially older properties—tend to come with higher operating costs, though this may be offset by proportionally higher rents.

Say what you want about that but I'd be looking out for myself and if the person doing the reference checks isn't smart enough to go back further... that's on them. in markets for rental areas that have high proportion of tenants  like the mid west were something like 50 to 60% of all folks rent.. your telling the truth flat guarantee most landlords with a bummer tenant is going to say anything they can to get them to move on.in nicer areas of A class 700 fico tenants this is not really as big of an issue