If the business sells (it’s currently listed), the rent payments would stop, but I’d still own the property as an asset.

Do you have a price range (or down payment target) and are you ok with some rehab or do you prefer turn key?

., while the average home price is $635,000 (Source) (at a 7% interest rate, 10% down payment, 30-year mortgage that would be $3,802 a month).

Where are your fixed rate notes at and their respective monthly PITIA payments ?

Hi Lina, It’s exciting to hear that you’re looking to invest in a mid-term rental (MTR), and I’d love to help you navigate the financing side of things.Understanding loan options, down payment requirements, interest rates, and how lenders view MTR properties is crucial to setting yourself up for success.

Make that rent payment out to you and pick up a roommate.

.- $14,970 in change orders, thus far.At two years since lot purchase, loan costs have added up between closing costs, interest payments, and extension fees, as well. 

Find a reliable Realtor, as they can refer you to other key team members.

Does your mortgage include your property tax payments?

All told, cash flow will be a function of your down payment and your management of the property.FL tourism continues to flourish.