A few field-tested observations from large rental portfolios and mixed-use operators:1.

BRRRR stacks multiple risks at once: rehab, contractors, timeline, and appraisal.A few key points to keep in mind:Appraisal risk is real.

While it may be a bit more upfront (i.e. we charge only $2.5k for a small multifamily property), the additional savings should justify the delta in cost by many multiples. 

Talk to multiple students/clients.

How are you stress-testing your deals given interest rate changes and possible price softening?

In those instances, I've seen multiple appraisals ordered as the lender only sees the one that is submitted. 

If you have multiple tenants, each can access the platform and pay rent or keep up on what is paid.

So far this tenant pays rent on time and long term for multiple years.

I would call them now because banks often set the reset off a specific lookback window, and you want to know the rules early and make them compete for the renewal.Trying to guess where the 5 year Treasury goes in the next couple months is a coin flip, so the best way to benefit from a drop is having multiple quotes in hand and timing your lock, or keeping the option to float until the last responsible moment.

Hey All,Arvada is proposing updates to its short-term rental rules, and the biggest change is Only ONE STR license per person would be allowed (down from up to three today).This would apply regardless of whether the property is owner-occupied or not, with a phase-down period for existing owners.This could significantly impact small investors who own multiple STRs in Arvada or were planning to scale.For operators with multiple STRs today in Arvada or other states, what’s the cleanest way you’d unwind or reposition properties under a one-license cap??