Is that really what other investors have for their mortgage rate?

Locally it's tough to find deals that pencil out right now due to prices and rates, so househacking is a great way to invest in the Twin Cities market. 

There are so many lots in my city, and I see other builders buying them at a steep discount from fair market value.

Average occupancy rates for Ashford & Packwood are around 60-68%.

Also, cap rates are so low it's impossible to BRRRR.I have a big advantage in LA area because I have a contractor partner who can build at cost, however, I am wondering if there is any interesting markets 1-2 hours from Los Angeles that can be more realistic to start.Would love to start with a project under 1M.

They also offer Lend, which lets individuals get the mortage interest rate (currently 8%).

Rentometer indicates the current market rate to be $3,000 per month.

With today's higher interest rates, it's obviously much more difficult to pencil out deals.

Interest rates and high purchase prices are pushing a lot of people away from buying.

Mentioned above: Lease all the properties at a certain rate.