I would also recommend using some creative financing offers to decrease your monthly payments.

It has been 2 weeks since your last rent decrease. 

Seeing good ADR, but occupancy is slightly down which should be expected, and the booking window has decreased. 

Step 6, You sell your ALF (property and business) in 12 years at higher price, get the appreciation, pay off loan whatever the principle left over (after 15 years from now the demands of ALF would decrease, since the baby boomers would be gone). 

The prepayment penalties are decreasing penalties, meaning that, on your three year option, if you pay it off or pay it down significantly (ask your lender for that language) you would pay 3% if you pay it off on one year, 2% in the second, and 1% in the third until it disappears in year 4.

Increase value via increasing income (raise rent), or decreasing cap rate (quality of income).2.

If purhase price decreases, cap rate goes up .

At which point the strategy is that hopefully interest rates have decreased and you can refinance into those lower rates. here is a helpful infographic I found:Source: https://mortgageequitypartners....I hope this helps, best of luck 🤝🍀

This is due to increasing demand and decreasing supply, as shown in the charts below.Rentals - Availability by MonthInventory is dropping rapidly.Rentals - Median Time to RentMedian time to rent dropped significantly since January, indicating increasing demand.Rentals - Months of SupplyLess than one month of supply for our target rental property profile.

Without the cash out, he says he can get it down to 4%, monthly being 1617 for a monthly decrease of 141.