So, were in an alternating patter of slamming on the brake, slamming on the gas, break, gas, break, gas....... 

Today's rates are what have completely thrown the brakes on the housing market.  

I've been actively investing in the Houston market for the last few years (BRRRR) but have put the brakes on as prices have just gone nuts.  

I have a couple of projects going on there now, but might be pumping the brakes on buying anything there for the near future.

Only a handful of new projects are in and is typically from General Contractors that are doing their very first MFH development.In summary I see big players pumping the brakes hard, and new players starting to drive.For the big MFH investors / master builders, in your game of chess and your current strategy for your organization what are the factors of currently doing this at this moment.Is this current strategy due to the new 40yr loan products that may be affecting, waiting to see the unknown unfold in the market?

Something will put the brakes on the madness.

When someone's mother (or father) falls when at your facility relatives are going to ask you what you did not do to prevent their mother from braking her back.

Complications to this project are: braking concrete slub to put water pump; braking wall to install window.Drawings and permits are done. 

Different checking accounts for each, different tax filings for each LLC, etc.The only reason to brake up properties into another LLC or multiple is if you have enough equity at risk and want to difersify that equity exposure over more entities, thus reducing exposure.There is no need for a seperate LLC for each property.

Now, expenses:Towels and beddings are one of my main costs - keep 3 sets per bed/person and replace every 1-2 monthsFurniture - I've been lucky, haven't had to replace any big piece of furniture (I've had guests brake entrance doors and and other wild things, but those are 1 in 100)Camera - putting a camera in front of the house was a game changer for me!