Hyattsville and surrounding areas are more affordable than other parts of the metro. 

Just make sure you’re comfortable with the interest rate if going either route.  

Most of the buyers are just regular folks looking for a home, so they are not at all thinking about cap rates. 

Can you afford to have zero possibility of a tenant for those months that you don't have it listed?

Some lenders offer discounts to return borrowers so maybe look into both flip and DSCR rates when finding a lender. 

I looked at their booking calendar one time and thought it was pretty empty.I guess you don't know until you try...and probably depends on if you want high occupancy or high rate?

You are likely overpaying by $5,000.Broker fee of $3,000 and Processing Fees of $2,000 seem out of place...but then again, i never used a broker to get a loan so I am not sure about that.If the broker was able to get you an interest rate or loan product that you wouldn't be able to find on the open market...its high, but likely fair.if you are getting a loan product that you could have gotten by going to a normal bank...seems high and unnecessary. 

Way way too often Mrs. wants to stay, but realistically can't afford to stay with one income....and it is just a downhill disaster finacially the longer they stay.   

Hi Danielle, As a property manager, if you were my client, I would recommend that you incorporate a monthly flat rate utility fee into that tenants lease.

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