It took new construction costs from $800-2500 down to $325 / SF and instead of 2 years it can be done in 8-12 months (design, permits, fabrication, shipping, and erection) depending on how much homeowners customized the standard plans. 

I’ve looked into blanket loans before, but I’m curious about how they’re shaping up in today’s market.

The only two ways to rectify this are (1) purchase the property far below market price or (2) significantly increase the property net income usually through some method of “repositioning”. 

So the risk is lower, as long as the market doesn't drop 20% and stay that low for the next 3 years. 

VA loans are the only loans that allow this, and there is no rate penalty for it no longer being your primary home.With that in mind, you could do a cash out refinance today at a higher rate than current market rates which will create profit on the loan, we can take that profit to pay for your closing costs.

Hey @Ashley Kroft I love using Pricelabs feature of creating a comp set because you can really drill down to the finer details of what others are doing in the market, in your specific area.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

I'm happy to share insights and see how we can help each other.What market are you focusing on?

Plus is 4% even in line with market cap rates?

Unless you make the theme of the house around that famous person, I dont think consumers will pay a market premium on ADR to stay.