The value of the house can go down.

AlabamaEffective Property Tax Rate (2019): 0.37%4Typical Home Value (2022): $189,9766Annual Taxes on Home Priced at State Typical Value: $702.9The current metro area population of Montgomery in 2023 is 374,000, a 1.91% increase from 2022.

It depends on the type of loan, loan to value, fico, income, debt, and experience. 

A lot of reasons but these are the first in my mind right now:- I was looking for a property in Boston that was valued up to 500k (driven by the company's total available capital at the time).

Call a local commercial real estate broker and get a Broker's Opinion of Value, or ask for current cap rates based on the Class of property.

I heard in a podcast that the inventory of homes is back to pre-pandemic levels in some areas and I have noticed more price cuts in general -  but that's mostly the greedy sellers trying to list their homes for way more than the current market value of the home.

A conventional loan How did you add value to the deal?

After these sacrifices you'll start to provide VALUE to other people (investors, friends, family).

The combined value of the three rentals is $1,500,000, with remaining mortgages totaling $290,000 (with 12 years left), leaving me with $1,210,000 in equity.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.