If you want to get technical, it is basically the discount rate of a perpetuity."

Which I think will continue into perpetuity. 

He purchased nothing but perpetual liabilities with no chance of refi and has instantly become a property manager with no compensation.

With most of these older deed restriction are written with perpetual renewal clauses (unless removed) so an objection can be brought at anytime by any current or future owner without limitations. 

A total of $984/month at minimum in perpetuity.

Can I flip several homes, then 1031 exchange into a bunch of rentals with the intention of holding in perpetuity and then refinance the (untaxed) equity out? 

Despite the lies and propaganda perpetuated the republicans and the fossil fuel industry wind power has nothing to do with the Texas power failures. https://www.nytimes.com/2021/0...Wind provides less than 10% of Texas electricity.

In addition, I would like to have a property that has perpetual income.My original plan is to get an STR license for owner-occupied 51% of the year.

I believe in the five-year grind that includes house hacking, BRRRRing, and building a buy-and-hold portfolio because once the machine is up and running it perpetuates itself and your wealth grows in the hockey stick exponential curve.

.-$952,580 Loan Amount - 30 Year Fixed-One unit is 2.625% and the other is 3% Interest Rate-Monthly Payment: $3,642/month-Appraised Value: $1,277,000Projected total Rents: $6,000/monthProjected Cash Flow : $537/month (w/o variable expenses $1,138)Resale Date: I do not plan on selling this 2 unit condo as it will be a dividend income producing asset for perpetuity.