Do the numbers make sense with each and all interest rates? 

After all the fees from closing and paying back the interest on the private loan my new loan was at 335k.

What is the cap rate?

Some areas still offer strong appreciation potential along with steady cash flow, and when working with trusted lenders, you can find competitive rates in places like Memphis, Little Rock, and Oklahoma City, which tend to perform well on both fronts.

@Robin Simon I completed a refinance with my credit union at terms of 3/30/75 @6.85% I will have the renwal in 2026 and hoping rates come down a little by then.

Once refinanced the property will be stabilized but still may see slow/low distributions because of cap rates and interest rates.

The properties looks good in 2020 when they were 515 and interest rates were 4%.

2) If you do owner-occupied cashout refi for best rate, you technically have to live in the home for 12 months before renting it out. * Some responders here may suggest not worrying about that and renting it out anyways.

Or just pay your sister a finders fee for getting the deal?

Everyone’s got the same problem: STR oversaturationPrices are high in most markets and if/when you do buy, your competition is fierce thus pushing down nightly rates and occupancy rates in almost every worthwhile marketGood luck fixing that!