Lennar on page 22: - Market conditions continued to deteriorate in the fourth quarter as the now well-documented interest rate driven sales slowdown - Sales and sales prices are down across both the new and existing home markets. - We believe that production of single family and multifamily dwellings nationally will be down between a quarter to a third in 2023. - the supply of existing homes for sale has come down as homeowners hold on to extremely low mortgage rates.

But if your expenses are driven by true estimates, historical trends that align with current conditions, and actual numbers based on your insurance quotes and real estate taxes due based on your purchase price, than I would venture that 58% is pretty accurate.If you are making a lot of assumptions vastly in excess of historical expenses or building an "extra large" buffer of reserves, then maybe you are being overly conservative.  

If Partner A is putting in cash and Partner be is contributing services, there may be a taxable transaction upon formation.

Sewer inspections are such an important part of A/I.

As you mentioned the low inventory coupled with the strong demand has driven up prices in the past months but there are more listings coming out starting in August.

I initially got my HML in December of 2021 but after some increases in costs and wanting to extend my loan deadline I'm in the process of a refi (I know it'll cost me and at higher interest but I'm doing the refi for peace of mind).However, after trying to pit two lenders against each other a bit I've gotten two deals that I can't decide between and would appreciate some experience investors' or lenders' feedback.Lender A) $840,000 loan total, 11% interest, 1.5% origination, $12,000-15,000 in closing costs (possibly out of pocket, still confirming if it's cash to close), appraisal not done (waiting 3-4 days).Lender B) $833,000 loan total, 11.5% interest, 1.5% origination, $30,000 in closing costs rolled into the loan with $0 cash to close, appraisal done, ready to close tomorrow as soon as insurance docs are updated.Additionally, Lender A is my current lender and offered me way lower, $735,000 initially, only upping it when I told them I was shopping the loan.

They call it learner driven, and it's amazing how capable children are when we give them the trust they deserve.

Although you "glossed over" unit A I would not ignore them being late.

@Husnain A. I

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