It seems that it takes an article in a big publication for them to do anything (NYT finally did a piece on CM), and journalists don't like to write those articles until there are lawsuits (even better a class action) so they are not just repeating industry gossip.

I fully renovated the upper unit with well-above-average finishes, and it's been averaging ~$2,850/month in gross rental income over the past 12 months as an STR on Airbnb. 

Do you want to buy fixer uppers or more stable assets?

If you want to explore MF or any other asset class, the best course is to go to some training courses and get a coach or mentor. 

A lot less demand will be tangible in areas that are not on the upper end of the K recovery(finance, tech, industrials) which will display real pent up demand. 

However, what I would suggest based on your expertise as a contractor is going into a semi-fixer upper and make minor repairs to boost equity as well as savings. 

Hey @Eric Chappell  You've absolutely nailed it - "class tracking" or the equivalent somewhere else is usually a top dollar feature.

I believe that the Federal Reserve is going to cut rates by 25-50 bps at it's September meeting (no emergency cut), but that 30-year fixed rate mortgage rates will rise to upper 6s low 7s around the same time, and Commercial borrowing rates, including for multifamily, will increase as well. 

. - Renting in this area is solid, I've gotten what they call B class tenants and more or less they've been great.

I’ve had some success steering clients toward portfolio lenders who can offer more flexibility than the big banks.Another thought: have you considered diversifying into asset classes that might generate better cash flow even in today’s environment?