I collected MTR comps and ran the numbers, and found that I might get an extra 15%-20% from a MTR, but I'm not sure if the vacancy rate I plugged in was reasonable (I'm in a mid-size city and my properties are close to Universities, hospitals, and other things that attract MTR tenants, so hopefully I'd have low vacancy...but I like to play it safe with my numbers, so I try to allow for a good bit of vacancy)... ...plus, all the comps I collected were just listings this month, and I don't know how much they're affected by seasonality, so my rent data might not be super accurate... ...maybe I'll give it a test run with one unit that's opening up in May, and see how it goes...

Rental rates?

Hello DFW multifamily operators/investors,We are observing an increase in delinquency rates in DFW area, sometimes above 5%, for workforce housing even with strict qualifying criteria.   

My wife is about to go back to school so she will not be contributing income as well as she will be tacking on a lot more debt to her initial student loans.

@Luke RentzFirst I have never done this but have heard alot about it and have some questions as well.I have heard that for many banks they don't want to own property they want payments so for most of them if they are getting paid they are unlikely to cause a stink and may never even know a property has changed hands.I understand with rising interest rates they may try and find these to get rid of the lower interest rate loans?

This property is in a great area for me in North Arlington (great schools, stones throw away from a huge community park, and close to I30), and the plan is to live in it for a year or so before renting it out (I’m sure I’ll be picking your brains when the time comes!).

Non-QM products don't, but you'll be capped at 75% LTV and pay above-market rates.

You still have to pay it eventually, possibly at a higher rate.  

Be able to answer questions regarding average price points, rental rates, new developments, local policy change, population density, job/business allocation or relocation, etc.

Interest rate is at 3.5% so I'm not going to refi.