Also, cap rates are so low it's impossible to BRRRR.I have a big advantage in LA area because I have a contractor partner who can build at cost, however, I am wondering if there is any interesting markets 1-2 hours from Los Angeles that can be more realistic to start.Would love to start with a project under 1M.

They also offer Lend, which lets individuals get the mortage interest rate (currently 8%).

Rentometer indicates the current market rate to be $3,000 per month.

With today's higher interest rates, it's obviously much more difficult to pencil out deals.

Interest rates and high purchase prices are pushing a lot of people away from buying.

Mentioned above: Lease all the properties at a certain rate.

Look at neighborhoods where property values have not gone up significantly compared to rental rates.

These have horrible rates and fees compared to a true commercial loan, but they close faster, and are more flexible on that DSCR.

The rate and terms you received on your loan are based on how the lender underwrote your occupancy.

Investors find mid-term rentals an attractive proposition due to their balanced approach to occupancy rates, operational costs, and return on investment.A Market Driven by Change:The increase in remote work and the global mobility of the workforce are significant drivers behind the rising demand for mid-term rentals.