I prefer it over cap rate for sure, but even more so in an environment where cap rates aren't clear.

I've been educating myself on the MHP environment in Arizona and MF but focused on acquiring a park in 2020.

Things are going pretty well here although it's tough to buy in this interest rate environment.

I know the current rate environment can make it seem challenging to get started as an investor right now but there are still opportunities in our market for both buy-and-hold and fix-and-flip investors.

Lumber prices have collapsed post Covid and other supply chain issues have been resolved, there are MASSIVE profit margins in new construction right nowhttps://www.investopedia.com/one-third-of-homes-for-sale-are...And rentals are coming quickly…https://citymonitor.ai/environment/housing/apartment-constru...

My favorites are the chase ink business cards (ink cash, ink unlimited and ink premier) they all have a great sign up offer and 12 month 0% interest which is amazing in this environment since you can put it into a money market or high yield saving account and making 5% on the money you would be paying.Would love to dm you my referral link if you decide to get any of those! 

As far as an environment for vacation rentals, you probably can't beat the Orlando market.

Addressing these matters promptly and effectively is crucial to maintain a safe living environment for tenants.Considering that this is your first venture into property management, it might be beneficial to consider hiring a professional property management company.

Rates right now, in this 22-year-high interest rate environment will usually be around 12% with 3 points.

Sellers are holding on to their properties in the hope that interest rates will decrease before their current loan terms expire.Based on the discussion above, it is clear that rent growth over the next 12 months will not have a sufficient impact on property values to offset the current interest rate environment.