Get to 20% and you will be in the low to mid 4's most likely.

So what processes (and fees) work great for C/D class rentals won't work well for A/B class, and what works for managers dealing with SFRs also won't work well for managers who specialize in mid-size apartment complexes.Instead, vet the PM on their processes and procedures.

Let’s hope it continues that way and inventory is still moving in mid July when we are ready to list. 

@Connor Dunham good advice I hadn’t thought about multi family with that style of loan.I could hold off for longer (maybe mid to end of next year) and have $120-160k saved up and buy larger.

Fully booked through mid Aug with no cancellations.

Although I do know that 50k in the mid west would go much further than around here - which is bittersweet.

Plus, I have an early lease termination fee built into our contract, so if they want to leave before the year is up I get paid extra hustling to try to fill it.I also like the control year lease gives me to not have leases ending in mid-Oct thru February, the worst times of the year for my rental market.Can tenants up and leave whenever?  

The closing was mid-May, after some delays from our lender due to Covid-19, and we're already on a trajectory for a solid deal.  

I went and to my shock there everyone was happily processing the near $4m financing for a person who made mid $40k.

Before you say “it varies”, let’s break it down like this:Section 8:Mid level rental:High end rental:Condo conversion:Any information will be much appreciated.