So really the question is- when is the rental going to be in service?

Hey (:So the traffic on this post might give you the answer...Generally a good cash flow market, flips are kind of stuck.

Lastly this is my first post here so apologies in advance if I posted this wrong or in the wrong place  House hacking is perhaps the best strategy to get started in real estate.

We are in the Tampa, FL area.  

Absolutely, real estate can still be a smart investment—even in this market—and the Panhandle is one of the best areas to consider right now.

Non conventional just means the loan will not be sold to Fannie/Freddie so they do not have to follow those rules.

I recently came in contact with a RE investor who is farther down the line in his career than I am.

So, what is happening today is not as important as what will happen in the foreseeable future.If rents are increasing faster than inflation (I use 5% per year as an average rate), then it may be worth holding the property, since your cash flow will increase as rents rise.However, in your post you stated, "Mortgage rates have kept increasing as well, that's why I put a range on negative cash flow."

In a slow market homes sit and rot, they are on the MLS forever and the longer it sits, the lower the price goes to find the sweet spot for just the perfect buyer.

In Texas, there’s no state income tax on rental income, but LLCs have formation and annual fees.This post does not create a CPA-Client relationship.