We may use a property a couple weeks per year, so we're looking relatively close to home (within driving distance).

For example, a cash out refinance net to me of $38,000 I would only do if the interest rate was similar and closing costs were no more than $2660. 

I've closed over 250 DSCR loans since 2021.

Again it depends on the investors choice, me personally am not into D class buy and holds.

On closing day we sold him the first one. 

Comparatively, trailing 12-month sales volume peaked in the second quarter of 2022 at $140 billion, but has since fallen close to 60% from the recent highs.This slowdown highlights the lingering impacts of rising interest rates and the commensurate uncertainty around asset pricing as rent growth has begun to decelerate.However, private capital remains at the forefront of buying activity, fueled by a steady tide of fresh entrants to the sector and existing operators' efforts to beef up their portfolios.

@Alex ClarkAs mentioned, you don't have to be present for closing usually nowadays. 

most houses in okc that rent for 1200 per month are now selling for close to 200k so the returns are not what they used to be.

Once the deal closes, it's up to the TIC owners to work with each other to make decisions.

From what I have seen, its about the same per sqft to build and can get close to the same rent per sqft with less units to rent.