@Sean Gammons rising property values & mortgage rates have ended the "easy days" where you could buy anything and rent for cashflow.You're going to have to look harder or go into riskier investments.Prior to the crash of 2008, seasoned investors would look at 100 properties, bid on 10, to hopefully get one deal accepted that met their ROI and CoC requirements.

But to the north, west and south, there has (almost) always been a stock of housing that was more affordable than in Boston.But then all of that housing stock kept rising in price, and earning power didn't keep up. 

@Jared MacLiver https://investors.rise48equity.com/public/rise-at-the-distri...

A lot of investors are (wisely) wary of condos because condo fees can rise and special assessments can eat up your cashflow.

Also remember, increased activity from real estate investors often precede neighborhood improvements and rising property values, so pay close attention to areas with investor interest.

We are month 27 since the rise of rates, and month 11 of the expected peak of rates.

What options do I have to help my tenants to have some type or relief from the upcoming hot temperatures?

A market in real estate is considered linear if the value of properties and the demand rise steadily and at a relatively slow rate over time.

It doesn't earn much interest, but plan to credit tenant back whatever it earns.  2)I'd call for an insurance estimate "if you decide to rent" to make sure they would cover you and that costs wouldn't rise significantly before you determine rent amount.  3) if you've already lived there over a year, most mortgages are fine with it becoming a rental.  4) For screening, I just use Transunion smartmove so tenant can pay them directly for the credit/background check, although I do have a separate application they fill out so I have their pertinent information and emergency contact in case I ever need to evict.  5) if you have only the one rental, I wouldn't open business checking and pay those fees. 

Buy now, instant appreciation with value continuing to rise, cover my expenses, and refinance down the line when the rates do drop, having already secured myself a valuable property!