Another suggestion banker made was it’s easier to get a loan on a stock portfolio.

Source @Keep Current Matters.Goldman Sachs : Original Forecast 1.9% / Current Forecast 5.0%Mortgage Bankers Association: Original Forecast 1.1% / Current Forecast 4.1%Zillow: Original Forecast .2% / Current Forecast 3.5%Fannie Mae: Original Forecast 2.8% / Current: 3.2%Home Price Expectations Survey: Original Forecast 2.2% / Current: 2.4%National Association of Realtors: Original Forecast .7% / Current: 1.9%

The range I have seen range from -2.5% to 11%. zillow 11%, Fannie Mae 7.9%, Freddie Mac 7%, Redfin 3%,  Realtor.com 2.9%, CoreLogic 2.5%. and Mortgage Bankers Association's forecast model projects a 2.5% decline. 

And for me who is a RE broker and NMLS Mortagage Banker I could no longer do sub too unless it was Pro bono as the laws precluded us from taking more than a most fee for helping these unfortunate folks out.

Your financing options will play a big role in how you scale, aim to look as best you can on paper for a banker to give you favorable terms. 

I spoke with my banker when opening an account and two weeks ago he turned me on to a person who was getting foreclosed on for a 6-unit building in San Pedro California.

@Michael Gardner  there Is usury for any loans at 50k and under.. so be careful there.I don't believe federal law trumps state law.I am a licensed mortgage banker in Oregon.. you can look me up on NMLS  however I am inactive but I have had a pretty long run in Oregon lending money all over the country.Its all state laws.. the only thing federal would come into play is if your doing owner occ stuff.the only thing you need for a loan that is regulated by the state in your file is   One signed application  two notice not to share credit signed.. and one other small disclosure form.. that's it.State of Oregon comes in and audits us every 2 to 3 years.. 

Joe Baker it's my opinion that there's no cookie cutter answer to your question, as each banker is different.

However, since the value of a commercial property is almost solely based on the income of the property, investors and bankers alike have grown to love balloon payments and rate resets.

Talk to a local business banker for guidance.Best of luck with your 2024 investment goal!