The distinction is important with respect to your financing question and options. 

You may want to do some independent research on the respective Housing Authority website as well. 

Some are even getting creative with their deals, using strategies like seller financing or joint ventures to reduce their dependence on traditional loans.It’s definitely a challenging environment, but with the right strategy, there are still plenty of opportunities out there.

@Osvaldo GuerraAustin, TX, is a popular destination for small multifamily properties due to its booming economy, strong rental markets, and family-friendly environments.

Big respect for starting this journey.

Poor condition or bad location and therefore not marketable to quality and respectful tenants? 

It seems like the rate environment has finally crested for sure. 

You know, im not really one to believe in property managers, but I do respect them. 

We now hold it as a rental property that cashflows well with a 2.75% interest rate (got lucky with the rate environment at the time of purchase!)

BUT, RE cap rates are remain compressed despite being in arguably a major recession, I worry about their sustainability long term especially when the interest rate environment changes.