Lock a tight buy box by submarket and vintage, underwrite to in-place income first, then model stabilized rents with conservative expenses and a true cap-ex reserve.

Austin’s vacancy rate is over double this.Your maintenance/cap ex is at least 2x low?

Any insights on how you structure appraisal gap coverage (full vs partial, caps, etc.) would be really helpful for my next offer.

I also look at how “clean” the expenses are: taxes, insurance, PM, and reserves look properly accounted for here, which is important because a deal only works if nothing is hiding off-paper.A 7.5% cap with positive cash flow is respectable in this market, especially on a small multifamily.

Can look at your IRR, CoC return, ROE, Cap Rate, etc.

As of today, most insured mortgages in Canada are capped at 25 years, and only specific programs allow 30 years — such as certain first-time buyer programs or new-construction incentives introduced in 2024 (sources: Government of Canada; nesto.ca).

MHP have one of the largest variations in a tenant profile that is NOT reflected in cap rates like the traditional apartment market.

., cash-on-cash, DSCR, cap rate)?

Companies are having to set aside a certain percentage to cover the Cap Rate insurance and as an abundance of caution with these interest rates- class B are paused.

Conventional MortgageDSCR MortgageDSCR Renovation MortgageOther: $_____Purchase Budget: $_____Repair Budget: $_____Property Condition You are Willing to Work With:Turnkey < $3,000BRRRRR > $3,000BRRRR > $15,000Target Rent-to-Price Ratio: _____Target CAP Rate or ROI: _____Target Cash-on-Cash: _____Deed/Title: Your Name: required for FNMA, FHA & VA mortgagesLLC: required for most DSCR mortgagesTrustPartnershipOther Hello Michael, all great points.