We discussed that her SS income wouldn't even cover the rent, but she had 3 years of living expenses in her savings account.

Hello Damon,It's great to see Local (and Surrounding) people from H-Town in here.   

Iḿ pretty much mirroring what most have said in here.

I wanted multifamily originally but found the lack of inventory and high prices a big obstacle.

Wow, lots of opinions in here and some personal attacks.

Only by understanding the risk inherent in your activities are you then able to engage in an objective cost/benefit analysis for paying for asset protection.3.

If you're doing a conventional loan, Fannie Mae and Freddie Mac guidelines say that delayed financing will follow "cash-out refinance" pricing matrix which inherently has slightly higher rates than a purchase. 

I went with her to the office and she asked for her tenant file ledger so she could see how could it amount to $5,000 and they said no they won’t give it to her ( isn’t that wrongful of them to do so ) and they said she’s being evicted for ultiltes not being paid from 07/01/2023 until todays date - wouldn’t that be wrongful because notice states differently and even when adding up ultites until todays date doesn’t add up to 5,000$ I just need some help with this because is doesn’t make sense or seem right if anyone could please give advice and also the utility isn’t in her name & the lease yes was stated for her pay the utilities but her lease wasn’t renewed and was now a month to month term and that started last year so how can someone rent a apartment to a individual and not give notice to renter to pay certain things but wait a year or half years notice to eviction even though rents been paid on time 

I wouldn't say investing solely in appreciation is inherently good / bad, but to the people saying you can't rely on appreciation... yes you can, if your plan is long term. 

Therein lies an inherent conflict of interest.Just like asking a car salesman if it's a good time to buy a car, a stockbroker if it's a good time to buy stocks, or an insurance professional if it's a good time to buy life insurance or an annuity.I have been overall bearish on new buys in the Smokies for about two years now - I have been warning about a correction since early 2022 on this very forum and was, at least initially, lampooned by the majority.