However, you have a responsibility to find another renter as quickly as possible to reduce the impact on the departing tenant.

Other than inspecting the physical and financial aspects of the property you should not buy that property without a survey, zoning report (and legal review of it), phase 1 environmental, and utility inspections.

Nina Have you looked at applying for impact?

Those markets are going to see minimal impact from a recession as the people in that bracket are less impacted. 

I always wonder how Jackson being so close impacts that area, aslo. 

It's really the secondary market place, not the FED directly, that creates rates.Rates and economic factors have a short term impact on home prices and market sentiment - long term it comes down to supply and demand. 

We had a bump on the road as we took out permits to close out the garage and added 6 new impact windows, which all in all took about a 1 year and a half and costs more than we initially thought.

In the middle are Class B and C assets.If we invest in Class B and C multifamily assets is because they provide the most potential value for investors, as well as the greatest potential impact for communities.

Is the land actually buildable - You will need to do a perc test (possibly some environmental testing).

So I'm eyeing the A++ locations in my market that I know will appreciate in value significantly over a long horizon.And in commercial, I think that's where the rising interest rates will have the biggest impact.