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

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

In Colorado Springs, my clients will do any of the following:- basement conversion- garage conversions- rent by the room- multiple unit house hacks (house and cottage, duplex, triplex, fourplex).- buy a property with two unit zoning and build an ADU on the backLots of options.

I would let them out, especially when they pull the "children" card, as there is no further rational conversation to be had.Certainly, some folks are more sensitive than others to "normal" molds, but overall it is way overblown.

Real Estate News in BriefWill stubbornly high mortgage rates hurt the spring selling season for the second straight year?

As interest rate discussions continue to dominate financial headlines, investors in commercial real estate (CRE) and multifamily housing must understand a crucial truth: Interest rate drops alone will not solve the challenges facing this sector.

While still technically in slight seller’s market territory, inventory is well above extreme lows seen in recent years when inventory fell below 1 month for a sustained period.Here are the full stats for Austin and the greater metro:A 30-year fixed mortgage is sitting around 7.3% interest, which is the highest it has been in 2024 thus far:In addition to interest rates increasing the cost of real estate ownership, buyers are facing increased insurance premiums, maintenance costs, and rising property taxes.

Thought about life estate but really unclear if addressing rent rate or rate index or something is a move people do.

The Internal Rate of Return needs to be your holy grail.1.

In those areas the rates you quoted are normal.