Rates are much more favorable compared to an investment property. 

Average occupancy rates for Ashford & Packwood are around 60-68%.

Shoot me a DM or a text and I'm happy to chat about it some more, my number is in the email signature.FYI to answer your question - get an architect first & foremost and don't cheap out LOL! 

Also, cap rates are so low it's impossible to BRRRR.I have a big advantage in LA area because I have a contractor partner who can build at cost, however, I am wondering if there is any interesting markets 1-2 hours from Los Angeles that can be more realistic to start.Would love to start with a project under 1M.

They also offer Lend, which lets individuals get the mortage interest rate (currently 8%).

Rentometer indicates the current market rate to be $3,000 per month.

1. plan for a 10% dip in values & run your numbers that way. 2. check out jamil damji's book on wholesaling, and use the parts about all the different ways to find good, cheap deals.3.

With today's higher interest rates, it's obviously much more difficult to pencil out deals.

Interest rates and high purchase prices are pushing a lot of people away from buying.

Mentioned above: Lease all the properties at a certain rate.