If they doubled their fees, would I have no choice but to pay?

I had a MTR in Vegas with 4 TV's and we did not have any issues with that quality of tenant paying double going rate.. my home in Oregon I just sold I had 6 TV's LOL. agree! 

If you are comfortable hitting a double, and if your sponsor is quite conservative and competent, you could pick up an asset for a good cap rate and for under replacement value and ride it to a profit in five years. 

You’re doubling down on one micro-market.

Appreciate you adding this, Daryl — really solid game.The parts about carrying costs, permits, and cost of capital were big reminders for me, and I’m making sure I factor those in up front now.The street-view/neighborhood tip is huge too — I’m definitely going to be paying more attention to that when I’m analyzing deals.If you’re open to it, I’d love to learn more about how you size rehab or double-check ARV when you’re running numbers.

If you’re working through a deal and want to double-check the tax side, I’m always happy to weigh in.— Rob

For example with old mobile homes you may be able to double the rate of short term returns, but there may be no leverage and negative appreciation.I still like the northern suburbs....everything pretty much above Highway 380 between Decatur and McKinney. 

This would double up your loses.

It’s SUPER easy to qualify with the double rents.

Rebalancing.Now look at multifamily.Freddie Mac serious multifamily delinquencies are at 0.48%, the highest level in over 21 years.Fannie Mae serious multifamily delinquencies are at 0.75%, the highest since 2021.Both have doubled in the last two years.From 2014 to 2019, multifamily 90+ day delinquency rates averaged between 0.01% and 0.10%.For comparison, the 2008 peak was roughly 0.80%.We’re not in crisis territory.But pressure is clearly building — especially in leveraged assets facing higher refinancing costs.Now bring it local.Greater Louisville market.February 15–21:Listings2025: 3202026: 391Sold2025: 1832026: 171Year-to-date:Listings2025: 2,5272026: 2,947Sales2025: 1,5042026: 1,421More supply.Fewer closings.And now rising search behavior from sellers who can’t move inventory.This is how leverage shifts.In 2021, sellers dictated terms.In 2026, math dictates terms.Add in one more structural shift.There are now more 6%+ mortgages outstanding than sub-3% mortgages.The share of 6%+ loans has climbed above 21% — the highest since 2015 — and now exceeds the share of ultra-low-rate mortgages (sub 3% interest).That changes mobility over time.When a larger share of owners are already at 6%+, the psychological barrier to selling weakens.