Build-to-Rent: A Stable Middle GroundWhile many sectors face stress, the build-to-rent segment offers stability.

Your mindset is strong, the numbers just need to be stress-tested a bit harder.

The biggest underwriting mistake I see in multifamily is trusting the pro forma more than the in place story, so build a repeatable process that stress tests the boring stuff like expenses, reserves, capex, concessions, and your exit cap.

We are inverse from 2020, which was way too few properties and way higher demand.Now, we have decreased demand and way too many properties.That said, there are some deals to be had in the Smokies these days!  

A bad one creates stress, hesitation, or burnout that can stall progress for years.My first property wasn’t even purchased as an investment.

If not, you won't be able to sustain financial independence—rents rising slower than prices means your purchasing power decreases over time and you will have to get a job to make up for the loss in buying power.

One thing that I have been stressing over a is bookkeeping.

What's your go-to method for stress testing deals?

I don't want to extra stress of managing it with my current lifestyle.

This is not an exhaustive list, just a few important considerations. 1) Capacity is stress tested, not assumedA professional lender does not simply ask whether a deal cash flows today.