Over time, this doesn’t just tweak the system—it reshapes how mortgage lending, equity, and capital markets function.

When underwriting your first purchase, I’d encourage you to run the numbers so that once you move out, the property is cash flow positive and functions as a true rental.

It is a large and growing market, and buyers are often willing to pay a significant premium for the lifestyle flexibility these homes provide.For many buyers, this type of housing functions as an insurance policy against having to relocate again.

They were the market stabilizer.But since 2008, the Fed has taken over, moving this function from private industry to government control, as Fannie and Freddie were put under government conservatorship.

Just be sure you have all smoke/CO alarms up to date and functioning, straps on water heaters, eliminate moisture issues (aka the tenant's favorite word "mold"), etc. and all other requirements as the city's inspection list details and you should be good to go. 

Used Google Sheets and the PMT function to calculate the below assumptions:Monthly NOI: $1,586.60Divided by 1.25: $1,269.28 paymentLoan Value: $164,453.66Downpayment: $54,817.89Price: $219,271.54I know the owner of this property and doubt they'll sell it for less than $600,000, so it's not going to happen. 

Just 20 years ago, it was very common for PMCs to pay owners in the middle of the month - for the previous month's collected funds.Reasons were: waiting for tenant checks to clear, accounting often done on spreadsheets and just overall length of time to receive & process bills.Technology has sped up all of this.We actually do two bulk payments to owners each month, the 15th & last day of each month, for whatever tenants have paid to that date - in the current month.So, guessing your PMC is either:1) Still using spreadsheets as they haven't invested in PM software.2) Still following the mindset of, "this is how we've always done it".Some questions that will clarify:1) Do they have a website and how much functionality does it have?

We build for long-term tenancy from day one.Durable rehabs, simple finishes, and functional layouts matter more than aesthetics.

Secondly, the appraisal often notes functional obsolescence because of this and a lack of a common area.

Doesn’t need to be high-end, just functional and clean.For rent comps: Furnished Finder and Airbnb (filter 28+ nights) will give you MTR rates.