Of course, this means I'm taking all the risks but I can afford because I'm in control and I can trust the people I work with.

So, because of this a lot of the "affordable" condos you will see in DFW have financial issues and you cannot get a mortgage loan on them, and have to pay cash. or, maybe get some sort of non conventional financing that is much more expensive requiring 25%+ down. 

I have worked with many experienced investors from Southern California, Las Vegas, Phoenix, Tucson, Denver, and other large metro areas in the southwest and west coast, with seasoned investors that still live in all of those great cities but have shifted most of their real estate investments out of those higher cost or higher risk markets into ours. 1) Compared to most cities in the SW and West, home prices in the Albuquerque metro are relatively affordable.

Network with professionals, use tools like BiggerPockets Rental Property Calculator, and explore grants or incentives for affordable housing.Good luck!

If you can afford the 6.1% rate for  2025i’d hold until at least April. 

Does the 60% the condo-hotel takes include the HOA fees or utilities or replacement of furniture/repairs to the unit like plumbing or stuff like towels and sheets etc?

There's a 50% chance your relationship won't last, so be prepared in case that happens.If you can both work remotely, I recommend moving to a more affordable market.

Many of our clients have done this and secured much better terms....EricThis spreadsheet decision is based on what you can afford and when you expect interest rates to fall.

It can get what I call wear stains where people sit or lay their heads so that coating will keep that at bay.Start keeping an eye on Craigslist, FB marketplace and OfferUP for good used furniture. 

However, when you look at the Affordable Housing website, only 4 out of 32 available properties that accepts voucher are listed by $1,550 or more.Is that maybe a red flag that there's no demand for Section 8 in Cleveland?