Pricing for HML or PML which are the exact same thing.. typically are very regional  some areas are quite a bit higher than others.. the Lowest in the Country is for prime CA. real estate then everything gets more expensive as you move form state to state. with some of the East cost states being quite a bit more.. but there is a ton of risk loaning in NY PA NJ given their foreclosure rules etc so thats why rates are generally higher there .

I suspect there will be some regional banks holding properties of 50 or fewer units.

Along with my 2 business partners I buy & build small micro-resorts and unique vacation rentals across the Appalachian region.

The housing market here tends to be significantly more expensive compared to other regions, and this definitely impacts renovation costs as well.Given that the home I am considering is around 3000 sq ft, the $250,000 renovation budget might seem more reasonable, especially in CA.

For brevity, we'll assume you're familiar with the mechanics of executing a like kind 1031X transfer (if not see here) and focus on why regional investors consistently invest in Oregon for 1031X investment properties and how to search listings for sale. - Comparative Value : RV Park, Storage Facility, Industrial, Warehouse, 5-100 unit multi family anyone?

Now is the time to be investing in Wenatchee, Washington.This year the area's first Hydrogen plant is scheduled to start operating a $25,000,000 project.Northwest Natural Gas is putting in a $43,000,000 natural gas plant.In May of this year, the Washington State Port Association awarded The Chelan Douglas Regional Port Authority The 2024 Job Creator Award for creating jobs in the area.Earlier this year at a state of the economics luncheon it was rumored that the area will have over 25 data centers in the future.I was recently at a community meeting where Helion Spoke about putting in the world's first Fusion plant.

These factors didn't keep me from buying though, while watching some other small markets in the region where average nightly rents were sometimes higher. 

**Limited Lender Options**: As you mentioned, finding lenders willing to offer blanket mortgages can be challenging, especially in specific regions like Texas.Considerations for Your Situation:Given your portfolio of 5 SFRs with varying mortgage balances and property values, a blanket mortgage could potentially help streamline financing and leverage your equity for further investments.- **Risk Management**: Assess the risk of cross-collateralization and ensure you have contingency plans in place for potential property underperformance.- **Alternative Strategies**: Continuing with delayed lending (refinancing after repairs and tenant placement) has its merits, allowing you to build equity and stabilize cash flow property by property.Please feel free to DM me.

Ehhh my own fault.I'm deep on regional banks.I believe they are the back bone of American small business and all seem very well positioned.After reviewing many P&L's and balance sheets, I see lot's of value but time will tell.I'll either be a hero or a zero with this high risk investment.Wishing you much success and keep the dream alive 

Anyone looking for something that size and in this region would have been aware, and could have toured.