Apparently 95% of new multifamily construction is rentals now rather than condos due to arbitrary regulations by federal mortgage agencies and how those get intertwined with contractor defect laws https://www.minnpost.com/cityscape/2014/02/where-have-all-co..."

Tenants paid mortgage down from $98k to $68k now.

In April, shopped around a bit with a different agency, but they couldn’t find a cheaper rate.

Nashvilles market is insane and the BRRRR method just does not work with rates.

Cannot sell right now either, I am pivoting my research in the Florida market to invest and potentially purchase a property for STR in 2025 and I had a few conversations with mortgage brokers to get some insights. 

@Robin Simon one is a second home loan with a great rate and the other is a hard money DSCR loan also with a great 30 year fixed rate (thanks to the covid rates).

In April, shopped around a bit with a different agency, but they couldn’t find a cheaper rate.

I am simply asking to include something like, "unit has brought in rents well above market rate year over year" or "unit is cash flow positive". 

For travel medical professionals I will accept a copy of their fully executed contract in lieu of pay stubs because their prior pay stubs may be totally different than their current contracted rate. 

What's the accuracy rate?