Does anyone know the average rate that residents pay per month in MI to stay at a residential ALF?

Like everywhere, valuations have risen and cap rates compressed.

You would have to refi your FHA into conventional on the one you live in now, which would probably work and you could be at a better rate also.

Hi Jake,Rates should not be at 8% for a DSCR loan, you should be looking somewhere around the low to mid 7's but can always buy down your rate with points at close if you'd like.

For instance, if a sponsor’s in-house PM charges 4% when the market rate is 2.5-3%, you need to assess whether those additional costs are justified by superior performance or could erode your returns.Ultimately, it's not just about the numbers or the spin—it’s about the expertise and judgment of the capital allocator.

You’re responsible for managing the home as normal, now you just charge someone a fee for what you normally do on your own homes.

If you want to keep them, make sure they are 100% honest about their intent, check zoning to verify they are allowed in that area, charge them market rate, and confirm they are insured to protect you and the property. 

Recording and other fees needed to cure titleF. 

.- Would you refi now or wait until rates drop? 

Something good to keep in mind too is to keep a contingency in your budgets to ensure you've always got enough funded for the rehabs.Once you get a few under your belt then your LTV's will be higher and your rates will be lower.