Reasonable rent control (such as AB1482) is great for professional managed units because market rents will rise faster than they would have otherwise and their rents are already near market rate.  

Population looks stable, crime rate is good, it had colleges and some tourism, close to major cities.  

Need some Advice- Looking at todays rates whats the better way to go?

My properties tend to take care of themselves, so I needed something physical to raise my heart rate and keep me moving.

Im hoping the spread lowers t drop rates even lower!

Hope this answers your questionsIf we were to go section 8 would we be entitled to high opportunity zone rental rate even if it’s in Grays Ferry?

It fits within our buy right criteriaWe own 12 units right next door.Newer vintageThe three beds are in high demand, and we are blowing away the 1% ruleThere is very little cap exWe focus on PPU (profit per unit), and this is going to profit nicely and add to our scale in that part of the marketExit strategy is to refinance our capital out when rates drop, and to hold long term.You have to be willing to take what the defense gives you, and you have to understand all of the investing strategies and know when to use them2021 and 2022, we only did about 200 units, smaller deals, but very profitable and we’ve refinanced all of our capital.2023 was an excellent year. 128 units, 105 units, and 97 units.If you aren’t doing deals, you can always be improving operations, meeting more potential investors, and creating more relationships.Life is like real estate.

For commercial multi-family, this will be different, and having 1.20-1.25x could be the requirement for best rates and terms.

But you want to be fully in just 1 property "until" rates come back lower?

@Samantha Wardunfortunately the market is tough right now, with both interest rates and prices high.