I think we are competitively priced, so most of out tenants have been renewing, but we plan to test higher rents in 2025  for our larger apartment buildings to account for the steep increase in insurance prices.There have been A LOT of new apartment buildings put up recently in the Cedar Rapids metro area, so depending on the class of tenant you have, maybe that could account for some of softening you are seeing? 

If so, I'm actually insuring two rental properties with them.

Please share your thoughts We have to go through an SEC audit so we have multiple categories forced upon us.

What you've done in the past is no longer working, so what are you going to do differently going forward?

My son is hinking about getting it so I am trying to do some market research.Thank you

I do not have a ton of capital so I would have to use a hard money lender, (who I have already met with). 

If you're busy running a ranch and raising a family, you don't want calls at 11 pm to unclog a toilet.

Looks like no one hopped on this thread so I figured I'd answer.

My interest rate and purchase price wouldn’t allow for positive cash flow unless I charged an unreasonable rent—or put about $500K toward the principal, which isn't ideal.I’m a high earner, so I’m weighing my options:Take the loss ($60K-$100K), buy another house, and chalk this up to a hard lesson learned.Refinance, put more money into it, and rent it out long-term—even if it’s not immediately profitable.Invest my money elsewhere and try to make peace with staying here for several years or just move.Would love to hear thoughts from anyone with experience in real estate, financial strategy, or noise mitigation.

There are no taxes on the sale of real estate in an IRA so there’s no application for a 1031.