Quote from @Brett Johnson: 5-20I think the clearest path is that 5-10 space, once you get above 10 it can get kind of tricky and there could be a lot of conditions.Having a clear picture is only going to benefit, so hopefully you can snag something going into the spring and if rates start to go down a bit you'll be in great shape!

They have recently added staff to improve response rates, we have seen steady activity even this far into the winter and conversion from leads to tenants has improved as well.

For example, a lot of clients who have come to me recently were underwriting their deals with 8-9% interest rates, whereas I have a lending partner who can finance most investment properties at 6.25-6.50%. 

The comps are between $118-$141/sqft, but it was purchased at $148/sqft.The loan is assumable at 2.75% rate ($139,383 principal remaining) but will cost $900 application fee and  between 1-5% of purchase price (assuming 2.5%).

@Julie Marquez In the past I've hired a builder on a flat rate to build whatever it was I wanted, and that's worked really well.

I’ve put in well over 100 systems and Goodman’s have the highest failure rate.

In any case you could base it upon the actual bill, or like the utilities do, based upon past usage, but at the current rate.

The reason this is very dangerous is because not only does it impact your cash flow, but it also impacts your ability to exit as pricing is typically based off of the NOI approach.2) Natural Appreciation: Currently there is some healthy appreciation in the market, however, is that going to continue at today's rate for the next three years?

With rates being astronomical, what would you suggest?

🤯)Go to The Better Business bureau and check their ratings.