They are sure to move on at the end of their lease term. 

The money that you end up owing to repay the loan over the 5 year term is now post income tax money unlike how you traditionally are supplying your 401k with pre-tax money.  

If what we are feeling is accurate, the January data should show substantial increase in buyer demand.Jan 1, 2020 to Jan 1, 2025 InventoryWhile interest rates remain high, the demand from buyers is still strong.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

This deal looks really solid to me, but I have only been looking at rental properties as high as $600,000 in discussion with my lender.

If they understand they need to leave and discuss honestly what they can do to make that happen then you are both working to the same end.

Interesting concept Id like to see if that works out for you in the end...

It is right near the hospital and now Mass Gen bought out Wentworth Douglass Hospital so our units are in high demand.

@Connor ChatlosDenver and Chicago's high property values make multifamily properties ideal for house hacking.

If prices are too high people will just go elsewhere.