Here is the reality, your chart proves they do not appreciate because in the most recent data (March 2023) from the Census Bureau’s Manufactured Housing Survey (MHS), the average sales price nationwide for a new manufactured home was $128,300 or almost $45k higher than the current price from your chart).Every set of data presented in the chart shows the value below the current cost of a new Mobile home.  

The numbers for March are not showing a positive trend BUT the data for the current month is never very accurate.

I don't remember this happening in February and March last year.It seems more buyers are getting off the sidelines.

As other bigger pockets members have mentioned, RoomScore indicates that Atlanta is restricted from short term rentals.Page 6 of their March 2016 RStreet report states, "In three of the cities – Atlanta, Denver and Oklahoma City – STR is effectively illegal, according to our reading of statutes and discussions with officials.

What would be your exit strategy A,B, and C?

February and March were returned as NSF 3 times.  

I purchased the property in March for $81,500, and the appraisal value is $87,000.

That being said we have A,B, and C areas.

This has caused an 18% decrease in "asking" rental rates since March of this year.

Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?