I heard from another investor in another group post something today about this.

I know they would be worse off refinancing at today’s rates even if they could find an alternative lender able to lend on older mobile homes.

Nice to spot your introduction.. what's the biggest hurdle you're seeing in today's market?

And it's very pertinent to today's environment because it doesn't look like interest rates will be coming down much, if at all this year.

@Jaren Taylor, not sure if this is why you talk about raising all cash, but given most deals are trading in the 5% cap rate range, and agency debt is 6.5% while balance sheet debt is closer to 7%, I whole heartedly agree that all cash is the ideal capital structure for many properties today, if your goal is to maximize overall returns for your investors.  

The only thing I will say is Jacksonville has had rents drop in many areas, so you're not alone in having the same property rent for less today than it did in previous years.

While I know this isn't a lot in today's market, I believe there are creative ways to make it work.I’m a former foster child who was declared independent as a teen, so I've been living with close friends that I consider family.

And, at that time and place, it would arguably be silly NOT to do so. 100%.This post was biased towards San Francisco, and California more general to include Los Angeles and San Diego, today in 2024.

As of today, the house rents for $3,400 per month and my PITI is $2,500 per month.

But, today, most judges are requiring a GAL anyway.