While I agree the rent by the room strategy can be great if you know how to manage it well, from a lending perspective, a lot of 30 year DSCR note buyers won't allow properties with individual room leases, so it could make refinancing more challenging. 

If you talk to someone like the folks at Wren Insurance Agency (from what I read in the Wall Street Journal), you’ll find they’ve been adapting to the shifting market conditions with some interesting coverage options.

I did end up going ahead with an investment in a hotel based out of the area down there (Kasa Hotels), but right now I shifted to focusing on some rentals in Alabama.

The Phoenix market, for instance, has been seeing shifts that reward creativity and timing.

If it's tight or you're uncomfortable with the tenant you have in there from a confidence perspective, especially if this is a first deal, maybe meet in the middle and get a lender at 75% or 77% (doesn't HAVE to be at 5% increments) that wont make you season, and leave a bit more money in the deal, but sleep better.Overall, if I cash flow well, have/keep reserves, and am comfortable I fixed everything in the house, I like to max out the LTV on refi.

Here’s some perspective:1% Rule: Meeting the 1% rule is a good sign, especially with many markets struggling to hit this benchmark.Cash-on-Cash (COC) Return: 8.73% is decent, especially with today’s higher interest rates.

Even if it's 10 years old or more, the potential for shifting is still there and you may have been structurally compromised for years and just not known. 3/4 inch displacement is fairly significant (IMO) for a slab foundation. 3.

Fortunately, our parcel only has 1 neighbor, so less work from a quantity perspective on avoid dissent.

Also what is working today does not mean it’s going to work in a year from now - people can ask multifamily and others how that has worked out for them the past two yearsResidential in my mind is going to see some shifts which I see a lot of bad financing “not creative” that they think is creative and it will come back to haunt people

You're absolutely right—agents will always say their area is the best, which is why I appreciate hearing different perspectives and the reasoning behind them.I came up with these markets based on research into affordability and population growth trends.