Needless to say we were pretty disappointed, so shortly after that another student reached out to us and told us that Ryan and Tyler had agreed to sponsor them 4 different times and backed out of each one causing the students to lose earnest money.

For this reason, it would be prudent to not overleverage yourself in this type of environment in order to wait and see where rates do end up falling, as there is consensus in the market we are moving into a falling rate environment, the exact timing of when rates will be falling is unknown and different scenario analysis should be added to underwriting refinance periods to be sure the project is sustainable if inflation resurges and a refinance is delayed.

If you could do it differently, owner occupied is easiest to get a HELOC on and has the lowest interest rates.  

Sterling,Each lender is different on how they calculate income and also what overlays they have that can cause a bad income calc. 

What people will accept and even desire in FL can and will be wildly different from those in other areas of the nation. 

The LLC is what makes that difference.

However, if this market is likely not to appreciate it's a different story.

Do you guys see the benefit outperform the 2~3k price difference? 

@Laurence K. maybe it is different in Australia than in Texas.

Every Market (Detroit) has a series of Micro-markets (neighborhoods) of which they are all different in cost, value, cash flow, rents, etc...