Although 3.1% is a great interest rate I tend to not get too caught up in keeping a property just because the rate is good.

It really helped us get a better interest rate on the property and typically allowed us to put 10-20% down since we were buying the home to be our primary residence. 

For an example, we Googled, "hourly rate for handyman Austin, TX" and got this:AI Overview: As of January 2025, the average hourly rate for a handyman in Austin, Texas is between $25 and $25.28.

I bought my first "investment 9 years ago and I can now say that property has changed my life. 

Long-term, look into refinancing once property values increase to lower your interest rate or pull equity for your next investment.Good luck!

I would find a loan officer that does both conventional and FHA renovation loans to compare which has better rates and terms for your situation.

It's not a magic bullet to solve all operational needs, but the process works very well when a remote team member at a lower labor rate fits into the needs of a scaling business.

, but we figured that the sentiment wasn't going to change in the near future.

This is what the OP said:We're changing our plan for the property in 2024 and plan to rent it out for two of the summer months on a <7 day basis, but then also use it for a month ourselves.

Rent, Expenses, NOI, Cash Flow, COCR, Cap Rate, Market cap rate.