On the flip side of that, someone else is lowering your cost of housing, it's a mutually beneficial situation.  

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.

And buying the other one with maximum leverage.This can be especially beneficial to you if the short-term rental you want to buy is positioned such that you could take advantage of a 2nd home loan. 

My brokerage recently had a quick presentation on how having an interest rate buydown vs. a sales price reduction could be beneficial to both sellers and buyers.

. 😊  I've been thinking more about your question based on my LA experience, and some great advice I've read from three days of lurking here on BP from some RE veterans, based less on my fantasy but more on what I would do with your idea to start out at 1.5 and move into 3-5 million houses.First, it's all going to come down to your goals, here's a quote about that from Don Konipol (from the forum post https://www.biggerpockets.com/forums/519/topics/1150499-the-...Quote from @Don Konipol:IMO, the financial reasons for investing in real estate include 1- Asset Preservation2- Increase Wealth3- Current Income4- Tax MinimizationWhile these four are not mutually exclusive, the more you benefit in one area the less will be the benefit in the others, given normal market conditions, unless you uncover something everyone else has missed.

I am new to the industry, and this has been greatly beneficial. sounds like I need to grow my network in this industry but how so?

This improvement suggests a growing buyer interest and possibly limited inventory, creating favorable conditions for quick turnovers.Toledo OH - RE Analysis (April 2024) - House Sales (1).pdfDemographics and Economic FactorsPopulation and Economic CharacteristicsPopulation Size: With a smaller population of 5,341, 43620 offers less competition in buying and selling, which is beneficial for flippers targeting niche market needs.Income Levels: The lower median household income ($27,442) suggests a demand for affordable, refurbished homes—ideal for flipping projects aimed at cost-sensitive buyers.Housing and Ownership TrendsRenter-Occupied Properties: A high percentage (68%) of renter-occupied properties indicates a transient population, potentially less targeted for flipping.

Bottom line - I am driven, organized, capitalized, and ready to build mutually beneficial, long-term relationships.

Yup, until a CAMR Cancelation and Mutual Release is signed you are under contract and hold equitable title - they can't sell it to anyone else.

I'd like to remind everyone, at the end of the ramsey sales funnel, is a guy whos trying to sell you front loaded mutual funds, and he had to pay for the "ramsey seal of whatever", and got you fed to him as a lead.