Again, be careful about purchasing a STR property in Wilmington with the anticipation that the rules have been stricken.

These rents are still below what was anticipated, but much better than Douglas was doing.

These challenges resulted in higher-than-anticipated tenant turnover and increased maintenance costs for many properties, including those in our investors portfolio as well as our personal portfolio.

Virtual world is great but at the end of the day a lot of people still like human interaction, the ability to meet in person with their broker or other agents in the office. 

The math will tell the tale.When analyzing, assume little/no appreciation for 3-5 years and anticipate rents will stagnate.

It might state you are applying at ABC Bank for an 80% LTV loan with up to an 8% interest rate with a loan of $XXX,XXXSo, if you don't qualify for that loan, or you cannot get the interest rate stated, or maybe the appraisal is too low to an 80% LTV loan for that amount then you can break the deal because you can't get the financing you anticipated but instead you are CHOOSING (based on advice of the loan person) to switch lenders.

Yoav,I have a lot of success by letting everyone I interact with know that I'm a real estate investor and what types of properties I buy.

$4K per month is what I anticipate my monthly expenses to be, with mortgage, utilities, etc.

I have seen a few houses go for way more than I would anticipate anyone to pay. 

Given the slim cash flow from the property and the uncertainty about the new mortgage rate, it's understandable to be contemplating whether to hold or sell.If you anticipate further growth in the market, holding onto the property could be beneficial in the long term.