Its not a spec play, it will lease up +- $15NNN.You need to dig deeper on a site plan, coverage, off site detention is great, that should push your FAR up.

When my broker shopped the policy we found a slightly lower rate for same coverage.

Here are some considerations and normal practices to ponder: Employee Structure, Contractual Agreements, Insurance Coverage Benefits, and HR MattersLegal and Tax ImplicationsCommunication  and Collaboration.

Their expertise can help you make informed decisions.Insurance: Obtain appropriate insurance coverage for your properties to protect against risks such as property damage, liability, and loss of rental income.Legal Protection: Understand local laws and regulations governing real estate investments.

What is your debt service coverage ratio?

It’s crucial to balance cost with the quality of coverage and service.

In theory, there is no reason this settlement would have an effect on sellers, in fact if anything it should make it cheaper, I say in theory because the biggest outcome of this case is going to be the media coverage of the settlement, the truth is and this doesn’t make for a dramatic headline, there are 4-5 million home transactions a year, the vast vast majority were done on the mls with the agent’s splliting 5-6%.

They set minimums for coverages, knowing they will rarely exceed those minimums.Lawsuits for injury are rare.

I am not sure where the pricing is today as all of my recently originated debt is construction financing which is adjustable and  tied to the fed rate but your broker is not being honest with you if they are saying rates never drop below 7%.As for your desire to complete a BRRRR, the interest rates certainly impact the debt coverage ratio and thus the refinance proceeds.

I've got my eye on crunching numbers with the Debt Service Coverage Ratio (DSCR) to keep ahead of any potential market dips.Cheers,Keeya