However, it had a similar effect on sellers, many of whom cannot stomach selling a home with an extremely low-rate mortgage just to buy another a 6-7% rate.According to the Wall Street Journal, “Almost 70% of households with mortgages have rates below 4%.”To drive it home, though, take a look at this chart of median single-family prices in Austin for 2022 (including December so far):The median single family home sold in November for around 20% less than the median home in May 2022, which appears likely to be the high water mark for some time to come.

Results:  Mortgage rates continue to rise, cost of goods and service EXTREMELY MORE, disposable income Significantly decreases.2.

In Columbus OH it's extremely tough to find deals that meet the 2% rule. 

That's extremely rare in my area - If I'm all in for 80-85% of the ARV I'm very happy with it. 

On the other hand, NOI and Cap Rate become extremely important because that determines value and to a large extent, the size of the loan you can get.The only point where this becomes a gray area is if you were to combine multiple contiguous properties and run them as an apartment. 

I understand why this would be frustrating for an owner, but having the separation between you and the tenant is vital to making the whole thing work. 

The county Covid eviction moratorium was the most extreme in the country. 

That would mean we got this during a very slight downturn in the market and didn't have to fight too hard to get the house.I can't say there is a very specific plan in place for this property, other than we are extremely flexible and could use a refi, 1031, or other strategy in the future.

For that reason I'm extremely bullish on the STR market in Nashville. 

Sales taxes for the state are comparatively low at 6.25% (it can reach a maximum limit of 8.25%), and Texas is one of nine states that does not have personal income taxes.However, as taxation is a vital source of revenue for local government, the burden falls squarely on property taxation to compensate for the lack of other revenue.