It all worked out, but it was incredibly stressful for a time.  

When you run it that way, you will see if your rentals are actually increasing or decreasing your overall dti.Talk to your lender about how it will change your "borrowing power."

The area has seen a large increase in pricing and a decrease in vacancy - what is driving it?

The net effect of these two trends remains to be seen; however, I think that the net effect will result in a decrease in demand for office space.MultifamilyThus far into the pandemic, equity capital has been most interested in apartments, industrial, and life science.

With the increased uncertainty and recent stock market losses (if you sold at the wrong time), I'd hate to see someone lose out on an opportunity to decrease that tax bill significantly.Oh man, I didn't know the QI had to be identified at close. 

In today's environment you may want to stress test the deal to see how bad things can get before you break even just to make sure you are conservative enough in your estimates.

But our incomes have a pricetag -- we both work in industries that rank very poorly on any list I've ever seen about satisfaction, happiness, stress, mobility-- and we are feeling that punch in the gut every day.We are both considering new careers with lower pay but only after subsidizing our current livelihood with rental income and much more (I'm talking serious calculations regarding current and foreseeable future expenses, going beyond our current disposable income rate so that we can continue to grow, risk calculations such as vacancies and emergency expenses, etc). 

My question is, if I were to pull together several residential properties into a portfolio could they be treated by a lender as a commercial property where I'm better rewarded for decreasing expenses and increasing revenue?

https://www.nmhc.org/news/press-release/2020/nmhc-rent-payment-tracker-finds-79-percent-of-apartment-households-paid-rent-as-of-august-6/"This is a 1.9-percentage point, or 223,000-household decrease from the share who paid rent through August 6, 2019 and compares to 77.4 percent that had paid by July 6, 2020.

Working with friends and family can be very rewarding but the more clear the expectations are from the start, the better chance you have of not stressing or losing a relationship over this deal. im interested to hear other responses to this bc it's a great question. good luck with your deal and future partnership.