I got bit a couple years ago and went from a 6% rate to almost 10% rate.

Pittsburgh ranks #5 on Marcus & Millichap’s list of high-yield multifamily markets.Pittsburgh’s unemployment rate (4.7%) has dropped by 17.5% over the past 5 years.Pittsburgh is experiencing a demographic shift.

Jon, I have done this and honestly their nightly rates in most cases are within $20 per night of my place which doesnt have a pool.

I found out the failure rate is 95%. 

Rental rate?

Greg was able to get me a great rate and was able to work through a couple of issues that could have tanked the deal.

And she’s the one that released the latest tax rates and year to year comparisons in September of 2024.

I would count on having at least half market rate tenants, in the event Section 8 rents are higher than market, which they are in our market (granted you will need to subtract the utilities from the rent).  

You can test this, by asking some to SHOW you how they calculate ROI, Cap Rates, Cash-on-Cash, etc., for their clients.Many will say, "that's the investor's problem".They are correct because an investor should NOT rely anyone else to run their numbers.So, then what exactly makes them investor-friendly?

It’s not just about the profit margin or the cap rate; it’s also about building trust in the community.