Higher cost markets produce more equity gain for the value add.

You essentially would be digging deep into your own pocket when these costs arise.

Consult with a Financial Advisor: Seek advice to navigate negotiations and explore refinancing options that best fit your needs.By taking these steps, you can work towards lowering your interest costs while keeping your loan terms unchanged.

As far as what I learned, I prefer STR’s and managing it myself vs a PM.

Read my blog entry Risk Management for the Self Manager.  

In short , any rate/currency hike is causing liquidity crisis causing delay in ground up project even for project that was approved 2 4 years before the rate hike…. plus build costs/  profromas run 3 to 4 years ago are wildly in accurate

Personally 0- but I have been through quite a few low cost renter trashed units for sale.

I am an investor, property manager, and realtor specializing in investments.

We personally do this for the properties we manage! 

And also maintenance labor costs are up 30% to 50%.